Friday, October 21, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Hon Hai Gains Apple Mac Orders From Quanta
AT&T In Advanced Talks With Time Warner On Merger
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Qualcomm Said to Be Near A Deal With NXP
AMD Revenue Forecast Falls Short of Estimates
Microsoft Cloud Strength Highlights First Quarter Results
Razer Unveils The New Razer Blade Pro Gaming Notebook
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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’s Holiday Lineup of New PCs
HP To Buy Samsung's Printer Business For $1.05 billion
HP Announces New Pavilion Wave and Elite Slice PCs
HP Unveils New Windows Gaming Devices
HP To Launch Vive Branded PCs
HP's Elite X3 Smartphone To Start Shipping This Month
Oracle To Pay HP $3 billion In Itanium Case
HP expands Chromebook Lineup With Touch
HP Recalls Batteries for HP and Compaq Notebook Computers Due to Fire and Burn Hazards
HP Announces Omen Portfolio Of Gaming PCs
HP Unveils Production-Ready 3D Printing System
New HP t310 Zero Client Focuses On Performance, Security

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .