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 SAN JOSE, Calif. (AP) - Hewlett-Packard Co. is widely expected to cut thousands of jobs next week as part of a long-expected restructuring that will attempt to bring the computer maker's costs in line with business and its rivals' numbers, according to industry analysts.
The exact timing and number of layoffs isn't known, though observers speculate layoffs could range between 5,000 and 25,000 positions. The huge company, whose offerings range from digital cameras and printers to computers and corporate consulting, has 150,000 workers worldwide.
Shares of HP gained 32 cents, or 1.3 percent, to close at a 52-week high of $24.94, in Friday trading on the New York Stock Exchange. The stock has gained about 15 percent since HP named NCR Corp. executive Mark Hurd as its new chief executive in late March, replacing the ousted Carly Fiorina.
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