HP preparing large reduction

Baku. 21 August. REPORT.AZ/ The US HP (Hewlett Packard) company' revenues decreased by 13% in the third quarter of the financial year. The company is preparing a broad staff reduction, Report informs, the company representatives said in their statements to the foreign media.

Company officials said that 55 thousand people will be dismissed as a result of the reduction.

HP began to carry out the reduction plan in 2012. It is said that 25 thousand workers will be dismissed in the first stage.