Monday, July 28, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Motorola Said To Make Google's Next Phablet
Apple-Beats Deal Cleared By Europe
New Ultrastar SAS Solid-state Drives Offer Up To 1.6TB Capacities
PNY Releases Coin Sized Micro M2 Flash Drive
Samsung Delays Tizen Smartphone Launch
Logitech Announces Budget UC Headset
Amazon Offers New 3D Printed Products Store
Bose Says Beats Electronics Infringe its Patents
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Pavilion 10z Laptop Uses An AMD Mullins Processor
HP To Settle Lawsuits Over Deal For Autonomy Acquisition
HP Works On 'Machine' New Server Hardware
HP Introduces The Apollo Supercomputer
HP Unveils New Business-focused Detachable PCs
Computex: HP Unveils PC Portfolio for Back-to-school Season
HP 7 Plus $100 Tablet Runs Android
HP To Cut Thousands Of Jobs As Results Disappoint
HP Introduces Orchestrated Datacenter Service
HP To Invest More Than $1 billion In Open Source Cloud Products
HP Adds Virtualization Features To Its Z Workstation Family
HP, Foxconn Partner On Cloud Servers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .