8 job killing companies

Why is the jobs recovery still so sluggish? These 8 companies recently announced layoffs in the thousands.

Hewlett-Packard slashes 27,000 jobs
Facing sluggish computer and printer sales, Hewlett-Packard is now in full-fledged cost-cutting mode and is slashing 27,000 jobs -- or roughly 8% of its entire workforce.

The company hopes the layoffs will save at least $3 billion by the end of 2014, which it plans to reinvest into research and development.

By CNNMoney staff @CNNMoney - Last updated June 11 2012: 4:32 PM ET
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