Company spokesman Nicholas Gray declined to comment on whether local workers would be affected by the cuts or when they would begin. HP plans to affected employees finding new jobs as well as severance pay, he said in an emailed statement.
The company announced the cuts as part of its report on its fiscal fourth-quarter results. In the period, it lost $2 million, or 0 cents a share, on sales of $14.8 billion. Excluding certain charges, HP would have earned 85 cents a share.Still its results were well off those it posted in the year-ago period when it earned $3.1 billion, or $2.71 a share, on $16.7 billion in sales.
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