Update: HP Total Layoffs will Exceed 50,000

http://www.businessinsider.com/hp-layoffs-to-exceed-55000-people-2015-8

HP's CFO Cathie Lesjak says the company will cut up to an additional 5% more people from its workforce than the 55,000 people it had planned to eliminate.
This is a long-running layoff that began in 2012 with an initial target of 25,000 jobs, but grew until the target became 55,000 people.