05/22/2014 04:24 pm ET Updated May 22, 2014

HP Lays Off 16,000 People

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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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