Hewlett-Packard's employment count over the years

Hewlett-Packard Co.'s payroll has grown over the past decade, partly because of its purchase of computer maker Compaq in 2002 and technology-services provider Electronic Data Systems in 2008.

Watch: TechBytes: WiFi, File Sharing
Five cable operators will team up to give customers more access to WiFi.

HP to cut 27,000 jobs to save up to $3.5B annually

Hewlett-Packard Co. is cutting 27,000 jobs in an effort to recover from management missteps that hobbled the Silicon Valley pioneer as its rivals raced ahead with more innovative products and services.

Facebook stock climbs, but company faces lawsuits

Facebook's fourth day of trading as a public company saw an increase in the company's stock price and shareholder lawsuits related to the social network's botched initial public offering.

Facebook stock climbs, but company faces lawsuits

Facebook's fourth day of trading as a public company saw an increase in the company's stock price and shareholder lawsuits related to the social network's botched initial public offering.

Key moments in Hewlett-Packard's recent history

On Wednesday, Hewlett-Packard Co. announced plans to cut about 8 percent of its work force, or 27,000 workers, by October 2014. It comes as the maker of personal computers struggles to compete with mobile devices.