HP Lays Off 16,000 People

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The Hewlett-Packard Co. logo is displayed outside the company's HP Enterprise Services unit in Plano, Texas, U.S., on Wednesday, May 23, 2012. Hewlett-Packard, the world's largest PC maker, will cut 27,000 jobs, or about 8 percent of its staff. Many of the cuts will come from the ailing enterprise services group, which manages data centers and provides technology consulting. Photographer: Mike Fuentes/Bloomberg via Getty Images | Bloomberg via Getty Images

The company just said it expects to lay off more people. Job cuts announced in 2012, which was to top out at 34,000 jobs will be increased by between 11,000 to 16,000 jobs. That will push the upper end of the range of jobs eliminated since Meg Whitman took over as CEO to an even 50,000.

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