> "Hewlett-Packard, the world's largest personal computer maker, has said it will layoff roughly 27,000 employees or about eight per cent of its workforce.... generate annual savings of $3bn to $3.5bn by the end of 2014."

This feels inevitable for HP. After various takeovers and the economic climate (in particular on their PC division) it seems an easy decision. Most of the redundancies will be made up of early retirement, but always seems like a loss of talent. There must be some veterans there with 40/50 years in the business.