14,500

AP (07.19.05):

"Computer and printer maker Hewlett-Packard Co. said Tuesday it will cut 14,500 jobs and overhaul its retirement program in a restructuring plan designed to save $1.9 billion annually and bring costs closer to those of competitors." Hewlett-Packard to Cut 14,500 Jobs in Restructuring Plan

"The company also said that beginning in January, it will freeze the pension and retiree medical-program benefits of current employees who do not meet defined criteria based on age and years of company service. Instead, HP plans to boost its matching contribution to most employees' 401(k) plans to 6 percent from 4 percent."