|
 The company said in a regulatory filing on Monday that it would
record a charge of $4.1 billion in 2014, up from its prior estimate
of $3.6 billion. (http://r.reuters.com/kyf75v)
HP is striving to get back to growth through job cuts and focusing
on businesses with longer-term potential such as enterprise
services.
HP had estimated that it would cut about 29,000 jobs through fiscal
year 2014.
The company had about 317,500 employees as of October 31.
Shares of the company were little changed at $27.92 on the New York
Stock Exchange on Tuesday. The stock has gained 96 percent so far
this year.
(Reporting by Soham Chatterjee; editing
by Don Sebastian)
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