April 18, 2005 4:08 PM PDT
HP offers some employees buyout package
The Palo Alto, Calif.-based company is trying to reduce staffing levels in areas such as black-and-white laser printers, inkjet printer manufacturing and single-function inkjet printers, spokeswoman Monica Sarkar said.
At the same time, the company is trying to expand in areas where revenue growth is higher, including digital entertainment, digital photography, color office printing and digital publishing with its Indigo product line, Sarkar said.
Depending on results from the voluntary program, HP could also reassign or lay off employees later. The buyout offer began April 1 and closes on Friday. HP didn't disclose details or how many employees received the offer.