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HP to Lay Off 6,000 Employees in Next Three Years in Cost Cutting Plan

Hewlett Packard (HP) plans to cut thousands of jobs over the next three years as the slumping world economy continues to embroil the US tech sector. With the layoff of as many as 6,000 employees, the global PC maker said it aimed to secure $1.4 billion in annual savings through 2025.

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