HP to gut nearly 8% of their workforce
Hewlett Packard CEO Mark Hurd decided that HP's future was in the more lucrative world of corporate service contracts when they purchased Electronic Data Systems in May of this year. That move placed them in direct competition with IBM, who also started with personal computers before specializing in corporate service contracts. In order to fully integrate EDS, HP has decided that 24,600 people have to go. HP believes that these job losses will make them more competitive each year to the tune of nearly $2 billion although there will be one-time costs of nearly the same amount to settle accounts with their departing employees (and other goodwill adjustments). When Hurd became HP's CEO in 2005, he began a downsizing of nearly 15,000 employees in order to maximize profits in the face of ever-shrinking personal computer margins. Their strongest profit area, despite additional competition, remains in printer ink.
Posted:
Related Articles
Comments
Latest Downloads
- 01. Operation: Matriarchy - SaveGame (The Game done on hard difficulty) [1.0](1)
- 02. LEGO Star Wars: The Skywalker Saga - SaveGame (The game done 100%) [Steam](1)
- 03. Through the Woods: SaveGame (The Game done 100%) [Steam](0)
- 04. Humans are not that against Lizardwomen: SaveGame (The Game done 100%)(1)
- 05. Tekken 1 100% save game file for Retroarch US version(0)
- 06. The Expanse: A Telltale Series - SaveGame (all chapters are opened, trophies are unlocked)(1)
- 07. Need for Speed: Most Wanted (2005) - SaveGame (Good start, 6 cars) [1.0](1)
- 08. Commandos: Strike Force - SaveGame(1)
- 09. Mario Party 2 100% Complete Save(3)
- 10. Mario Party 2 (Virtual Console) Save(0)
- 11. My Summer Car: SaveGame (Satsuma blue moon)(0)
- 12. [EU] Dark Souls 2 SOTFS Modded Starter Save(7)
- 13. Saints Row: SaveGame (Arena of Death, 31% storyline)(1)
- 14. Lies of P: SaveGame (100%, all bosses killed, level 85 hero)(4)
- 15. PainKiller Supernatural 2.0: SaveGame(0)
Latest Tutorials
- 01. The Redress Of Mira 100% Walkthrough | Trophy & Achievement(776)
- 02. Russian Pinocchio Quick Trophy Guide(1,038)
- 03. Venatrix Quick Trophy & Achievement Guide(1,119)
- 04. Call of the Sea 100% Platinum Walkthrough(1,059)
- 05. Wire Lips 100% Platinum Walkthrough(1,157)
- 06. The Expanse 100% Platinum Walkthrough | Trophy & Achievement(1,011)
- 07. Doctor Who: The Edge of Reality - PS4 Platinum P/Thru(939)
- 08. Doctor Who:The Lonely Assassins - 100% Guide(790)
- 09. DAYMARE 1998 PS4 - Full game 100% TROPHY WALKTHROUGH(835)
- 10. Stray Platinum Walkthrough | Trophy & Achievement Guide(770)
- 11. Raji: An Ancient Epic | Complete Gameplay Walkthrough(1,053)
- 12. Corpse Killer: 25th Anniversary Edition - Longplay(1,041)
- 13. Song of Horror: Complete Edition Gameplay Walkthrough(736)
- 14. Remoteness 100% All Trophies Walkthrough(1,163)
- 15. Detective Inspector Mysterious Clues Platinum Walkthrough(861)
"HP to gut nearly 8% of their workforce" :: Login/Create an Account :: 0 comments