Shares of Hewlett-Packard Co. rallied on Wednesday after the company announced job cuts of up to 30,000 to reduce expenses. The latest layoffs are a part of the company’s plan to split into two entities–one for printer and personal computers and one for enterprise. They are in addition to 55,000 workers it has laid off as part of a restructuring that began in 2012. H-P shares rose 3.8% to $28.15. The stock is down 30% year to date.
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