HP's quarterly earnings may have outperformed expectations, but it's not good enough: the Silicon Valley company confirmed rumors that it would cut lots of jobs. 27,000 jobs to be precise. That's 8-percent of its workforce.
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/a1SgD9eb-2c/struggling-hp-slashes-27000-jobs
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