Saturday, February 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Draft Bill Focuses On Consumer Data Privacy
Uber Says Breach Affected 50K Drivers
Google Showcases Future Silicon Valley Headquarters
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Yahoo Gains Search Share
Twitter To Offer More User Safety Features
Google to Start Ranking Mobile-friendly Sites Higher
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 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."


Previous
Next
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 Delivers Predictive Analytics at Big Data Scale
HP Led The Notebook Market In 2014
HP Refreshes Its Tablet Lineup
HP Takes Legal Actions Against Patent Infringing Inkjet Supplies
HP Announces new Mini Desktops And Workstation for the office
HP Debuts Virtual Reality Displays
HP To Release New Operating System in 2015
HP Unveils Ultra-thin Business-Class Notebooks
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
HP Releases The OMEN Gaming Notebook
HP Smartwatch Looks Classic, Coming Next Week
HP Broadens Moonshot Portfolio With Intel-powered Models

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 .