Tuesday, September 16, 2008

HP Cuts 25,000 Jobs

Hewlett-Packard Co. announces almost 25,000 jobs will be lost as a result of the merger with EDS over the next 3 years reports The Washington Post. (Read Story)
In today's times this isn't too surprising. Job cuts have been announced almost daily, but this is a huge number of jobs lost. Many of these lost jobs are likely higher paying technical jobs.
What does this mean for you and me? More people looking for work which makes the market more competitive and wages go down. Happy job hunting.

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