HP confirms higher layoffs expected

[unhappycamper]

http://www.thenewstribune.com/2014/01/01/2973383/hp-confirms-higher-layoffs-expected.html

HP confirms higher layoffs expected
January 1, 2014 Updated 20 hours ago

Personal computer giant Hewlett-Packard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014.

The company said in a securities filing Monday that “continued market and business pressures” were behind the move. The additional cuts are on top of the 29,000 positions it planned to cut in a May 2012 restructuring plan.

Cost cuts have helped HP weather revenue declines. In the fiscal year through Oct. 31, revenue fell 7 percent to $112.3 billion, but the company posted $5.1 billion in net profit, compared with a $12.7 billion loss a year earlier.




unhappycamper comment: When you outsource everything to China, your only cost cutting choice is to remove 'redundant' workers.

[Notafraidtoo]

1. I work on my family and friends computers.

I get them online, clean their virus, solve capability issues,put new parts in etc. and the most painful experience i have ever had was with a hp1800 tablet, i had to completely change the way my parents router worked to get it to connect online and this is a house hold that has 2 other tablets, 3 laptops, 1PC and two Xbox 360 that never had any issues with connectivity.

Most people don't know how to do things like this, if it isn't user friendly than you are going to have issues with sales.