Hewlett-Packard trims Colorado workforce

FORT COLLINS — Seventy jobs will be cut from Hewlett-Packard Co.’s Colorado payroll by the end of April, part of the computer giant’s move to cut its worldwide work force by 2 percent.

The affected employees, mostly in marketing positions, were told in early March that they would be given until April 30 to find new jobs within the company or leave.

The marketing jobs were targeted because H-P has reduced its number of product lines from 83 to 17 as part of a strategy to focus on Internet business. Overlap in marketing tasks meant a surplus of employees in those positions.

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A smaller number of support jobs, in human resources and facilities maintenance, were also eliminated. Workers will receive severance packages providing four to 16 months of salary, depending upon length of service, and a lump-sum cash payment to cover such costs as insurance during transition.

H-P will also pay for assistance to help departing employees find new jobs. H-P employs 4,600 people in Colorado, 4,000 of them at sites in Fort Collins, Loveland and Greeley.