HP earnings in line, to cut an additional 11,000-16,000 jobs

[OhioChick]

Source: CNBC

1 Hour Ago

Hewlett-Packard reported earnings that met estimates, though revenue was just slightly below expectations. The company also said it would cut an additional 11,000 to 16,000 jobs.

The extra cuts bring the total to be cut in its restructuring program to as many as 50,000.

The company posted earnings of 88 cents per share, excluding items, on revenue of $27.3 billion.

Analysts had expected the company to report earnings excluding items of 88 cents a share on $27.41 billion in revenue, according to a consensus estimate from Thomson Reuters.

Read more: http://www.cnbc.com/id/101693489

[trublu992]

1. There needs to be a federal law

that give employees who have been laid off thru no fault of their own a years salary.

Unemployment benefits should start after severance runs out.

[sabbat hunter]

6. better idea

top executives cannot take any pay/compensation for 1 week per employee laid off. Lay off 500 employees? no pay for 500 weeks.


This would include ANY compensation due them, be it salary, bonuses, stock options, health benefits, cars, etc etc.

[Cooley Hurd]

2. It never really recovered since Carly Fiorina ran it into the ground...

[sofa king]

3. I think they've laid off 500K people since then.

Seriously, I've seen 'em fire people by the thousands for what, twenty-five years now?

[onehandle]

4. GOP loser Meg Whitman has continued that tradition for them. nt

[ballyhoo]

5. I will not buy another one of their printers since

her. I was talking to this salesman at Frys Electronics the other day when I was buying my color laser printer. He said they almost have to give HP Printers away they are so bad. Kind of weird; used to be I would buy no other kind.

[OneCrazyDiamond]

8. For years

they used Canon print engines in there laser printers...I don't know if they still do.

[ballyhoo]

9. Really. I have two

Last edited Thu May 22, 2014, 09:27 PM - Edit history (1)

Canon Lasers and Two Brother Lasers and one old HP C5580 ink jet from when HP was still good. Good info. Thanks. Makes me understand more. These Canon Lasers are like real workhorses.

[OneCrazyDiamond]

10. Printerworks has parts and diagrams

Here is a link to what engines are what. I am not affiliated with them, they just have the info available.
http://www.printerworks.com/Printers/Laser-Printers.html#printers

I used to fix em in another life.

[ballyhoo]

11. Thanks.

[sakabatou]

7. Profits over peole again

[8 track mind]

12. that company used to make some of the best

Test equipment in the world. What a shame....

[Brother Buzz]

13. Eggheads can still get the sexy test equipment under the new label

Hewlett-Packard spun-off the test equipment as Agilent Technologies in 2000. Agilent is totally independent from the meltdown at HP. It would appear some keen minds in the backroom understood the dangers HP would be facing and made a valiant effort to save part of Bill and Dave's legacy.

http://www.forbes.com/2000/05/04/feat.html

[HughBeaumont]

15. Seems to me that all Meg Whitless knows how to do is fire people.

Just like Carly Fiorina.

"Hey, I'm cutting 20 thousand jobs" "SHE'S A JEEEENYUS!!"

Fuuuuuuuuuuuuck.