Friday, May 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Wins Oracle in Android Trial
Microsoft and Facebook To Link America With Europe Through 6,600 km Long Cable
ZTE's Axon 7 Smartphone Combines Impressive Specs With A Budget Price
Samsung To Expand Its Quantum-dort Expertise Sensors, Batteries And New TVs
Lenovo Reports Full-year loss On Low PC And Motorola Phones
TSMC to Boost R&D Spending To Accelerate Development Of More Advanced Chips
Sony Playstation 4 Sales Surpass 40 Million Units
SEC is Investigating Alibaba's Accounting Practices
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 > HP To C...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, May 23, 2014
HP To Cut Thousands Of Jobs As Results Disappoint


Hewlett-Packard will cut 11,00 to 16,000 more jobs in as CEO Meg Whitman has been trying to turn around the personal computer.

Whitman said the turnaround remained on track and her raised target reflected how HP continued to find areas to streamline across its broad portfolio, which encompasses computing, networking, storage and software.

HP estimated about three years ago when it first announced its sweeping overhaul that it would need to shed 27,000 jobs. That number rose to 34,000 last year.

On Thursday, it estimated another 11,000 to 16,000 more jobs needed to go.

The Silicon Valley company posted a disappointing 1 percent drop in quarterly revenue, as it struggled to maintain its grip on the shrinking personal computer market and weak corporate tech spending.

HP recorded sales of $27.3 billion in its fiscal second quarter ended April 30.

Whitman said China remained a challenging region, though revenue from that country rose in the quarter.

HP forecast full-year earnings of $3.63 to $3.75 a share.




Previous
Next
Google Developing Project Tango 3D Table - report        All News        Facebook Adds More Privacy Controls
LG Strengthens Its Semiconductor Business     General Computing News      Facebook Adds More Privacy Controls

Get RSS feed Easy Print E-Mail this Message

Related News
HP Announces Omen Portfolio Of Gaming PCs
HP Unveils Production-Ready 3D Printing System
New HP t310 Zero Client Focuses On Performance, Security
HP Refreshes The Pavilion PC Line-up
HP Releases New Chromebook for Home and Office
HP Packs Power and Performance Into New Z1 G3 Workstation All-in-One
New HP Spectre Laptop Is 10.4 mm Thin
HP Offers New Printers With Proprietary Pigment Ink
HP Inc's Revenue Falls On Weak PC And Printer Sales
HP Offers Global Wi-Fi Access on HP Devices
HP Elite x3 Combines PC power, Tablet Portability, And smartphone Connectivity in One Device
HP Unveils $199 Chromebook For Education

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 .