Thursday, November 26, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > HP Set ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 19, 2005
HP Set to Announce Major Restructuring

US information technology giant Hewlett-Packard plans to unveil a major restructuring that analysts have speculated includes slashing as many as 25,000 jobs.

H-P said late Monday that it planned to disclose on Tuesday details of a major restructuring, widely expected after an executive reshuffle in March.

The move for the Silicon Valley group would be the company's biggest shakeup since completing its controversial takeover of Compaq Computer three years ago.

Chief executive Mark Hurd will discuss details of the company's planned restructuring in conference calls with analysts and the media, beginning at 8:45 am EDT (1245 GMT), the company said in a statement.

Joining Hurd in conducting the calls will be Bob Wayman, H-P executive vice president and chief financial officer.

Analysts have estimated the job cuts could save H-P more than 1.5 billion dollars (1.25 billion euros) annually.

Hurd was widely expected to announce the most ambitious steps since he joined the company in March, following the removal of Carly Fiorina, to build profitability and resolve problems remaining from the 2002 Compaq merger and earlier.

Speculation has run high that a major restructuring has been in the works since Hurd took over at H-P. Hurd, the former CEO of NCR Corporation, built a reputation for restoring NCR into a money-making machine through cost-cutting.

Cindy Shaw, an analyst at Moors and Cabot, said that the H-P restructuring would include about 15,000 to 25,000 job cuts, citing an industry source.

Shaw did not say where the job cuts would fall in the international company, which employs about 150,000 people worldwide.

CyberLink Releases InterActual Pack for PowerDVD 6        All News        Toshiba Prototypes 30 GB HD DVD-R Disc
Super Speed Broadband Seen Over Cable TV in 2006     General Computing News      Global PC Shipments Rise 16 pct in Q2

Get RSS feed Easy Print E-Mail this Message

Related News
HP Profit Lower Than Expected
HP And Titan To Develop New Smartwatch
Updated HP Elite x2 Tablet Built for Business
HP Unveils Storage and Cooling Solutions For Desktop Workstations, Quad Core Workstation Ultrabooks
HP's Chromebook Gets A Makeover With High Resolution Displays and Colors
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC
HP and 3M to Combat Visual Hacking With Integrated Screen Privacy Solution for PCs
HP Unveils Windows 10 Computers In New Form Factors and Designs
Hewlett-Packard Board Approves Company Split, Sued For More Than $160 Million
HP Adds Security Features To Printers
HP To Axe to 30,000 Jobs
HP Revenue Falls on Weak PC Sales

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .