While some companies hire veterans HP cutting 25,000 workers

The push is on for companies to take the breaks from the government to hire veterans but HP is cutting 25,000 workers.

HP prepares to announce mass layoffs
By David Goldman and Michal Lev-Ram @CNNMoneyTech
May 23, 2012

Hewlett-Packard will lay off around 25,000 employees, but that may not help it fix its core problems.

NEW YORK (CNNMoney) -- Hewlett-Packard will announce another round of substantial job cuts Wednesday afternoon in an effort to streamline its teetering PC and services businesses, a source familiar with the plans told Fortune.

The layoffs will be "in the ballpark" of 25,000 workers, the source said, which would amount to about 7% of HP's global workforce. The nation's largest technology company by revenue currently employs 349,600 people worldwide, according to its latest regulatory filing.
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