TechSpot

job losses articles

HP bumps layoffs up to 29,000, plans to invest more into R&D

In May, HP announced it would be cutting 27,000 jobs worldwide or about seven percent of its total workforce. However, yesterday ZDNet broke down HP's 10-Q quarterly SEC filing which spells out the elimination of 2,000 more jobs than previously stated, making for…

Tech layoffs hit 3 year high thanks to HP. It's not all bad though.

Over 51,529 individuals met their occupational demise in the first-half of 2012, marking the largest mid-year total for tech sector job cuts since 2009. These figures originate from a report (pdf) prepared by consulting outfit Challenger, Gray & Christmas. During this period…