More job cuts in the works at HP?

[OhioChick]

Sep 23, 2013

Hewlett-Packard CEO Meg Whitman is in the final stages of eliminating 29,000 jobs to trim expenses. But she may have to cut its workforce even more, some industry experts predict.

In a recent note to their clients, Deutsche Bank analysts worried that HP may have not choice, because sales of its personal computers, printers and some other business operations are lackluster.

When the Palo Alto technology giant provides a detailed report on its operations during its annual meeting with Wall Street analysts on Oct. 9, it “could contain some harsh medicine,” they said.

“Due to the ongoing pressures across most of HP’s businesses,” they warned, ”we’d expect HP to announce further cost cutting actions at its analyst meeting.”

Noting that HP probably has saved well over $2 billion from the job cuts it’s already making, the analysts added, “we wouldn’t be surprised if HP were to announce another $1 billion” worth of cuts.

More: http://www.siliconbeat.com/2013/09/23/more-job-cuts-in-the-works-at-hp/

[kimbutgar]

1. Thank goodness California dodged Meg as governor?

We would still be having to cut education, healthcare and social programs. Under her we see she messed up HP. When she stepped away from competing with apple on the tablets I knew HP would be bye-bye.