Hewlett-Packard made a further 800 staff redundant in its most recent financial quarter, in addition to the 14,500 jobs losses announced in the summer.
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The total redundancy payments slashed net profits in HP’s fourth quarter to $416m (£245m). This compares with a profit of £650m in the same quarter last year.
Sales increased 7% to $22.9bn (£13.5bn). On top of the bad news on net profits, HP has also announced it is recalling almost 150,000 laptop batteries because of a potential fire hazard.
This will come as a blow to the company as laptop sales have helped HP to slightly outstrip the PC sales growth of main rival Dell.
Dell also recently reported a big dip in quarterly profits, as a result of a faulty PC component and a small number of layoffs.
The financial cost of the HP layoffs is expected to show up in next year’s first-quarter results.