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HP cutting 27,000 jobs through fiscal year 2014, Q2 profit down 31%

By Shawn Knight
May 23, 2012
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  1. As rumors last week alluded to, HP announced they would be cutting 27,000 jobs as part of a restructuring plan led by CEO Meg Whitman. The reduction will eliminate eight...

    Read the whole story
     
  2. Breech

    Breech TS Member Posts: 79

    Sad to see even more jobs lost but I think Meg is doing a great job for HP. Wish she was governing my state, perhaps we'd see some much needed "streamlining" rather than being driven over the edge by governor Moonbeam.
     
  3. She would have helped turn this country around for the better hiring illegals and then beat them should they not perform their tasks correctly.
     
  4. tonylukac

    tonylukac TS Maniac Posts: 911   +22

    Why are they cutting jobs when they are profitable?
     
  5. This entire article makes me sick. Lets look over these numbers again...quarterly figures float around 1.6 billion which puts a net profit at around 6.4 Billion for the year, apparently that's not enough money so they want to save an additional 3.0-3.5 Billion which puts their annual net profit at around 9.4-9.9 BILLION dollars.

    Oh. So you can't streamline or set in place organizational re-alignment without SLASHING 27,000 jobs? This is what happens when a handful of people make more then a few thousand. Why don't you push for better products instead of pulling what you have. The higher-ups are quick to fire people, isn't it also your fault that the company is losing profit? Nah, lets fire the people that had nothing to do with our earnings...that should fix the numbers and put money back into Wall Street.
     


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