Hewlett-Packard to cut 5,000 more jobs

Dec 31, 2013, 1:42 PM EST
A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013.
REUTERS/Stephen Lam

IT group Hewlett-Packard says it is to cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or an 11% reduction of its workforce, a deeper cut than it had previously announced. The new number was contained in a regulatory filing. HP is striving to restore growth through job cuts and focusing on enterprise services and other businesses with longer-term potential.