HP raises job cut estimate

US technology giant Hewlett-Packard raised its estimates for job cuts to 15,300 under a big reorganization launched last year. The information technology powerhouse had estimated cuts of 14,500 jobs when it announced the restructuring last July.

Chief executive Mark Hurd said the restructuring is expected to be completed by November. Hurd, the former CEO of NCR Corporation, who took the helm of HP from predecessor Carly Fiorina in March 2005, built a reputation for restoring NCR through cost-cutting.

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