HP to lay off 6,400 employees more

Hewlett-Packard Co gave a disappointing outlook for full-year revenue and said it will lay off another 2 per cent of its workforce as consumers and businesses cut spending on computers, printers and services, sending its shares down about 5 per cent.

The mew round of layoffs - which total roughly 6,400 jobs - announced on Tuesday are on top of previously announced cuts from integrating the operations of IT services company EDS, which HP acquired last year.

HP said the job cuts will come in its product segments, such as PCs and printers. The reductions will happen over the next 12 months.

HP, which vies with smaller rivals Dell Inc and Acer Inc in a depressed global PC market, also expects fiscal year revenue to slide 4 per cent to 5 per cent compared with a previously forecast of 2 per cent to 5 per cent, offering a more pessimistic view of 2009