Wednesday, September 16, 2015

Hewlett-Packard To Cut Up To 30,000 More Jobs In Restructuring

By  Jack Clark, Sep 16, 2015 Bloomberg

Hewlett-Packard Co., the technology company splitting into two separate entities, said it will cut as many as 33,300 more jobs as Chief Executive Officer Meg Whitman tries to refashion the business for a rapidly changing technology market.

The two companies that will emerge in November, Hewlett Packard Enterprise to supply businesses with high-end technology, and HP Inc., which will sell personal computers and printers, are designed to be more nimble and specialized. Hewlett-Packard had 302,000 workers at the end of October 2014, down from a peak of about 350,000 in 2011.

“HP absolutely needs to fix enterprise services, PCs and servers across both its companies,” said Anand Srinivasan, an analyst at Bloomberg Intelligence. “Some of the issues are market related and some of them are HP-specific. The solution to revenue growth is not going to come from restructuring actions.”

Read More:

oin us - become an Elderado today at:  

Follow Larry Elder on 

No comments:

Post a Comment

Comment Policy:

The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.

This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.

The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.

To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.

Thank you for your attention.

The Elder Statement