HP to cut jobs after disappointing results

Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
Background:
HP may cut up to 16,000 more jobs as results disappoint [Reuters]
HP to eliminate another 11,000 to 16,000 jobs [USA Today]