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.
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