HP has laid off 41,000 people (with about 9,000 people left to go) under its current
downsizing plan for 2014.
On Tuesday, the company hinted that more layoffs could be coming with its plans to separate itself into two huge companies.
During its quarterly conference call, Wall Street analysts asked for details about HP’s plans to divide itself into two companies: HP Inc., which will be the PC and printer unit, and HP Enterprise, which will be all the other businesses like servers, networking gear, software, outsourcing, cloud computing and so on.
Chosen excerpts by Job Market Monitor. Read the whole story at HP Executives Hint That More Layoffs Are Coming As It Splits | Business Insider.
Related Posts
Hewlett-Packard (HP) / Layoffs up by 5,000 to 34,000
Hewlett-Packard Co. ( HPQ ) said it will increase by 5,000 the number of expected layoffs under a restructuring plan adopted in May 2012, bringing the number of job cuts to 34,000, the company said in a regulatory filing. The company, in a filing Monday with the Securities and Exchange Commission, cited “continued market and … Continue reading
Hewlett-Packard (HP) / To cut 7,100 jobs in Europe
“HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers,” the statement read Continue reading
HP / Layoffs More Dramatic Than Thought
The ax has been falling at HP faster than anticipated. In May 2012, the company said it would cut 27,000 positions globally, 9,000 of them in the U.S. By that September, it revised that number upward to 29,000. Originally, HP said the layoffs would occur over two years as part of a “multi-year productivity initiative” … Continue reading



Discussion
No comments yet.