SAN JOSE, California (AP) - Hewlett-Packard Co.'s plan to cut 14,500 jobs and overhaul its retirement benefits not only chisels away at its high corporate costs but also its reputation as one of Silicon Valley's most employee-friendly firms.
The computer and printer maker once known for treating employees like family said Tuesday it will save $1.9 billion (euro1.59 billion) a year as it trims its global work force of 151,000 by 10 percent over the next 18 months.
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