Computer firm Hewlett-Packard to lay off 27,000 jobs
The US computer giant Hewlett Packard says it is laying off 27,000 staff, which is 8% of its total workforce.
It is not clear how many of those will be in the UK but it employs 20,000 there.
The manufacturer has struggled to compete in a marketplace dominated by smartphones and tablet computers.
BBC Radio 5 live Wake Up To Money got more details from technology analyst Rob Enderle.
To listen to other Radio 5 live interviews, please visit the Best Bits page.
24 May 2012