Monday, November 30, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Unveils New Drone For Prime Air Delivery
Google Glass Evoluion Could Be A Monocle
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
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 > Gartner...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 26, 2005
Gartner's Sees HP's Restructuring Announcement as "Positive Step"

Hewlett Packard has announced that it is cutting 14,500 jobs worldwide, or 10% of its workforce, and is restructuring its retirement benefits. This will begin in the fourth quarter of 2005.

HP estimates that the job cuts, along with the restructuring of its retirement benefits, should save the company US$1.9 billion annually. HP will take a US$1.1 billion restructuring charge related to these actions.

"The HP restructuring is a positive step forward with the potential to improve the company's performance and the experience of its customers. This reflects the same fundamental approach they have consistently represented for the last year, with no change in strategy, no change to products and initiatives, and no split of the business into separate entities," said Martin Gilliland, research director, Gartner Asia Pacific.

"The reductions appear aimed mainly at inefficiencies within the company and are aimed carefully to avoid impacting generation of demand, customer satisfaction or revenue levels."

"We project no significant risk to customers of HP as a result of these changes," added Gilliland. "Short term morale and anxiety issues, common to any large scale reduction in workforce or major reorganization, should not be severe and should fade away as details of the cuts are released. While we anticipate competitors attempting to exploit these distractions, they should not have any material impact on HP success."

Elpida to Create New Wafer Testing Company        All News        Japan Plans World's Fastest Computer
Hitachi Maxell Ships New Digital Pen     General Computing News      Japan Plans World's Fastest Computer

Source Link 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 .