CORVALLIS — Hewlett-Packard says no decision has been made on possible job cuts at its Corvallis campus, but local economic development officials are preparing for possible layoffs.

The Corvallis Gazette-Times, citing multiple anonymous sources, reported the company is planning to cut 300 to 400 jobs there.

But the Palo Alto, Calif.-based company said Wednesday that no decisions have been made.

HP did say in a statement to The Associated Press that its imaging and printing group, which operates at several HP sites including Corvallis, is “constantly looking at improving its business to better serve its customers.”

And as part of a previously announced change in company strategy, the group will “continue to be proactive about shifting resources to maximize its business as necessary.”

There are conflicting reports about the company’s future in Corvallis.

City and state officials have not received formal notice of possible layoffs at HP. Yet, local economic development officials say they are getting some reports directly from HP employees that cuts are coming and changes are pending at the company.