Media playback is unsupported on your device

Computer firm Hewlett-Packard to lay off 27,000 jobs

24 May 2012 Last updated at 15:11 BST

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.