HP expected to announce "MASSIVE" layoff, 25,000 jobs?

[Bluebear]

SAN JOSE, Calif. - Hewlett-Packard Co. is widely expected to cut thousands of jobs next week as part of a long-expected restructuring that will attempt to bring the computer maker's costs in line with business and its rivals' numbers, according to industry analysts.

The exact timing and number of layoffs isn't known, though observers speculate layoffs could range between 5,000 and 25,000 positions. The huge company, whose offerings range from digital cameras and printers to computers and corporate consulting, has 150,000 workers worldwide.

http://news.yahoo.com/s/ap/20050715/ap_on_bi_ge/hp_jobs


RELATED SITES:
HP China
http://welcome.hp.com/country/cn/zh/welcome.html
HP India
http://www.hpl.hp.com/india/

[im10ashus]

1. WOW!

That's huge! Are they outsourcing?

[Bluebear]

3. Oh yeah, but that's GOOD for America, remember?

HP Labs India is headquartered in Bangalore, India. It works closely with other units of HP Labs worldwide, as well as the business units of HP. In Bangalore, it is hosted by Hewlett-Packard India.

http://www.hpl.hp.com/india/

Love your poster!

[im10ashus]

6. It figures.

My mother's company (which shall remain nameless, lest certain you-know-who's are reading), outsourced part of her department to India. Six months later they had to return the work to the States because of the language barrier. I guess they didn't think about that beforehand? Isn't America GREAT!!?

[Bluebear]

10. Woo hoo. USA .USA.

[Richardo]

2. Look out, former Compaq'ers in Houston

Does not look good. :scared:

[musette_sf]

8. my thoughts exactly

it's gonna be a long, hot summer for those who take the fall...

Amazing how just a few @sshats screwed up Rod Canion's fine company. Rot in hell, Pfeiffer.

[GreenPartyVoter]

4. The economy is just goin great guns

[Democrats_win]

5. HP ink is more expensive than gold.

[LSK]

7. Friday news dump?

The economy is good thou.

[Bluebear]

9. Sure sounds like it.

Softening the blow?