HP has been among the most aggressive in making cuts over the past couple of years under CEO Meg Whitman, who has outlined a $3.5 billion cost reduction plan that is being achieved in large part through layoffs and early retirements across what had been a 350,000-person staff last year.

HP has also been cutting costs by adopting more cloud computing services. Whitman said in March that the company had reached the halfway mark in its restructuring, with 15,000 cuts to go between then and the end of next year.