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The ailing company that was founded 75 years ago has laid off more than 40,000 workers in recent years. Mergers that were meant to help it compete have not panned out.

The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company ended up hurting HP's bottom line.

Raymond Lane will stay on the board, but two other directors, John Hammergren and G. Kennedy Thompson, will resign.

The California-based technology giant is writing down an $8.8 billion loss. CEO Meg Whitman says much of that comes from new revelations about Autonomy, a software company HP bought last year. She says the company lied about the state of its finances.

Hewlett-Packard wiped that huge amount of money off its books last quarter, it says, because of problems with the finances of a British software company it bought last year.

Hewlett Packard will cut more jobs in an effort to turn the company around. On Monday the computer maker announced an additional 2,000 jobs will be…

One day after announcing that it was cutting 8% of its workforce or some 27,000 positions, there’s still no word as to what the impact might be at the…

Today Hewlett Packard Co. announced a restructuring effort that will cut 8 percent, or about 27,000 employees from its workforce.A spokesperson for HP…

The cuts will happen over an extended period wrapping up by the end of 2014.