Hewlett-Packard Co. said Thursday that it aims to cut another 11,000 to 16,000 jobs by October, bringing the total number of planned layoffs to a maximum of 50,000

Hewlett-Packard Co. said Thursday that it aims to cut another 11,000 to 16,000 jobs by October, bringing the total number of planned layoffs to a maximum of 50,000

By Ryan Nakashima
The Associated Press

Hewlett-Packard Co. said Thursday that it aims to cut another 11,000 to 16,000 jobs by October, bringing the total number of planned layoffs to a maximum of 50,000 and nearly doubling the largest payroll reduction ever for the 75-year-old technology giant.

HP’s move revises upward a previous target of 34,000 job cuts. In May 2012, eight months after former eBay Inc. CEO Meg Whitman took the reins, HP unveiled her initial restructuring plan, which called for a headcount reduction of 27,000.

When the program was first announced, the company had nearly 350,000 employees. As of October, it had 317,500.

HP employs as many as 2,000 in northern Colorado, said Fort Collins Area Chamber of Commerce CEO David May. Those jobs focus on digital printing solutions, management software, data-storage systems and other operations.

While HP’s big round of layoffs announced in 2012 didn’t appear to have a significant impact on the local workforce, May said it’s unclear whether the same will be true with the latest cuts.

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