Are layoffs headed HP's way?

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Reports have surfaced that HP will announced layoffs next week that could total 30,000.

The Wall Street Journal’s AllThingsD is reporting that Hewlett-Packard Co. will announced 30,000 layoffs next week.

The moves are part of CEO Meg Whitman’s plan to free resources to make investments across the company.

A spokesman for HP declined to comment on the reports that also have surfaced on Bloomberg News and Business Insider