Reports: HP will cut up to 30,000 jobs

Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to reports published Thursday.

The looming cuts cited by Bloomberg News and the technology blog All Things D would trim as much as 9 percent of HP's workforce, based on the 349,600 people employed by the Palo Alto, Calif., company as of last October.

A breakdown on HP's website listed 324,600 employees, but company spokesman Michael Thacker said the information was wrong. He pointed to the October figure listed in HP's annual report as the most accurate head count.

Bloomberg News says HP is mulling 25,000 job cuts. All Things D, which is affiliated with The Wall Street Journal, estimates the purge will jettison 30,000 jobs. Both reports cited unnamed people familiar with HP's plans.

Thacker declined to comment on the reports.

The job cuts could be announced next Wednesday, when HP is scheduled to report its quarterly earnings.

Those results are expected to show that HP, the world's largest maker of PCs and printers, is still struggling to adapt to a technological shift that is enabling more computing tasks to be completed on smartphones and tablet computers such as Apple Inc.'s hot-selling iPad.

The trend has been crimping HP's sales. Analysts predict HP's revenue for its current fiscal year ending in October will total $122 billion, down 4 percent from $127 billion last year.