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Hewlett-Packard to Cut Thousands of Jobs

hpComputer firm Hewlett-Packard are set to cut 27,000 jobs world wide in the next two years.

The job cuts, set to be in force by 2014, are expected to save the company over £2bn.

The developments are thought to be a reaction to competition from other retailers including Apple.

The job cuts would account for 8% of Hewlett-Packard’s work force.