CORVALLIS, Ore. -- Layoffs could be coming at the Hewlett-Packard campuses in Corvallis and Vancouver.

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Details of an internal meeting reported today by The Oregonian newspaper suggest that H-P plans to lay off as many as 300 workers in the Northwest, shutter a key production line and send its work to a contractor overseas.

The inkjet printers that are the focus of the Northwest-area campuses have long been among H-P's most profitable and dependable technology.

But H-P Vice President Sam Angelos Jr. told Corvallis workers this year that the manufacturing operation there is overfunded and underused.

The California-based company has about $100 billion in annual sales.

In Corvallis, H-P employees about 2,500 people, and in Vancouver, H-P employs more than 1,000 people.

The focus in Vancouver is on inkjet printer design and marketing.