HP Cuts 27K Employees, Looks to Cloud and Data Analytics for Growth
12 years, 10 months ago

HP Cuts 27K Employees, Looks to Cloud and Data Analytics for Growth

Wired  

Hewlett Packard CEO Meg Whitman announcedthe layoff of 27,000 employees Wednesday, or 8 percent of the company’s workforce. The painful move is part of Whitman’s strategy to refocus the hardware and software giant to take advantage of what Whitman describes as “some of the biggest shifts in technology that I have seen in my career.” Those shifts include data analytics, security and cloud-based software and services. Layoff notifications to employees “will got out shortly,” says HP CFO Cathie Lesjak, and will be completed by October 2014, the end of HP’s fiscal year. “But I believe we will have a smaller, more profitable services business over the next two to three years.” Overall, Whitman was optimistic about HP’s turnaround and the signs she is seeing in the marketplace. In HP’s largest business unit, PCs, Whitman sees healthy demand in the near term, especially with Microsoft’s Windows 8 launch driving new computer purchases.

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History of this topic

HPE Plunges Most Since 2020 on Weak Profit Outlook, Job Cuts
2 weeks ago

HPE Plunges Most Since 2020 on Weak Profit Outlook, Job Cuts

Live Mint  

-- Hewlett Packard Enterprise Co. fell the most since 2020 after it said profit in the coming year would be hurt by tariffs, weak margins on server sales and execution issues. The lower profitability is due largely to issues in HPE’s closely watched server unit, Chief Executive Officer Antonio Neri said in an interview. “The company’s cost actions, including job …

Layoffs: Hewlett Packard To Let Go Of 2,500 Employees. See What Led To The Job Cuts
Trending News
2 weeks, 2 days ago

Layoffs: Hewlett Packard To Let Go Of 2,500 Employees. See What Led To The Job Cuts

ABP News  

Hewlett Packard Enterprise is reportedly planning to layoff around 2,500 employees over the next year and a half, media reports said. In its latest earnings report, the firm said that its revenue climbed 16 per cent from last year, however, CEO Antonio Neri stated that their performance could have been better. Higher Costs, Profitability Issues, And More: Hewlett Packard's Obstacles …

Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push
Top News
2 weeks, 3 days ago

Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push

The Hindu  

Hewlett Packard Enterprise said on Thursday it would lay off 5% of its workforce, or over 2,500 employees globally, as part of a cost-saving programme and forecast its second-quarter revenue below Wall Street estimates, triggering a 16.5% drop in shares during aftermarket trading. HPE said it expects cash charges of nearly $350 million over the next two years tied to …

HPE Gives Weak Profit Outlook and Will Eliminate 3,000 Jobs
2 weeks, 4 days ago

HPE Gives Weak Profit Outlook and Will Eliminate 3,000 Jobs

Live Mint  

-- Hewlett Packard Enterprise Co. gave an annual profit outlook that fell short of investor expectations and announced plans to eliminate about 3,000 positions. Earnings, excluding some items, will be $1.70 to $1.90 per share in the fiscal year ending in October 2025, HPE said in a statement Thursday. The lower profitability is due largely to issues in HPE’s closely …

Big tech job cuts keep coming; Zoom latest to trim headcount
2 years, 1 month ago

Big tech job cuts keep coming; Zoom latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. …

Big tech job cuts keep coming; Zoom latest to trim headcount
2 years, 1 month ago

Big tech job cuts keep coming; Zoom latest to trim headcount

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. CEO Eric Yuan said in a blog post Tuesday …

HP To Reduce Global Workforce, To Layoff Around 6,000 Employees
2 years, 4 months ago

HP To Reduce Global Workforce, To Layoff Around 6,000 Employees

News 18  

HP Inc is joining the ongoing tech layoff season and will lay off nearly 4,000-6,000 employees. In the earnings report for its fourth quarter of 2022, the company said it expects to reduce gross global headcount by approximately 4,000-6,000 employees, which is between 7-11 per cent of its workforce. HP Inc and its subsidiaries announced fiscal 2022 net revenue of …

HP To Slash 6,000 Jobs Over Three Years As PC Demands Witness Decline
2 years, 4 months ago

HP To Slash 6,000 Jobs Over Three Years As PC Demands Witness Decline

ABP News  

After major tech companies announced layoffs, HP Inc is set to bring down its workforce by slashing up to 6,000 jobs over the next three years amid declining demand for personal computers that have cut into profits. The forecast takes into account a 10 per cent decline in computer sales in the fiscal year, chief executive officer Enrique Lores said …

Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees
2 years, 4 months ago

Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees

India TV News  

Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees HP firing employees: The company announced a 'Future Ready Transformation Plan', estimating annualised gross run rate cost savings of at least $1.4 billion by the end of fiscal 2025, and restructuring and other charges of approximately $1 billion. HP firing emloyees: PC and printer …

HP Leads Indian Laptop Market With 33 Percent Share, Market Grows Over 37 Percent: Report
2 years, 10 months ago

HP Leads Indian Laptop Market With 33 Percent Share, Market Grows Over 37 Percent: Report

News 18  

PC and printer major HP Inc shipped over 1.4 million units in the first quarter of 2022 and continued to lead the overall PC market with 33.8 per cent share, a new report said on Thursday. “Strong demand for commercial desktops, a clearance of big backlog orders, and continued demand for its consumer notebooks helped HP clock its biggest quarter …

Dell, HP say chip shortages will hit PC supplies this year
3 years, 9 months ago

Dell, HP say chip shortages will hit PC supplies this year

The Hindu  

Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in post earnings call,adding that rising costs to procure these chips would …

HP reports growth in enterprise segment across manufacturing, banking services and more
5 years, 4 months ago

HP reports growth in enterprise segment across manufacturing, banking services and more

Firstpost  

Tech major HP on Tuesday said it continues to see strong growth in the enterprise segment across verticals like manufacturing, banking and financial services and IT-IT-enabled services in the country. “We have not seen any slowdown in demand for PCs from the enterprise segment, we continue to see traction across verticals like manufacturing, BFSI, government, IT-ITeS as well as small …

HP to cut up to 4,000 jobs over next three years
8 years, 5 months ago

HP to cut up to 4,000 jobs over next three years

Live Mint  

Bengaluru: HP Inc. said it expects to cut about 3,000 to 4,000 jobs over the next three years, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3% in extended trading. HP, which houses the hardware business of former Hewlett-Packard Co, said in February it would accelerate its restructuring program …

HP Inc. plans to cut 3,000 to 4,000 jobs over the next three years
8 years, 5 months ago

HP Inc. plans to cut 3,000 to 4,000 jobs over the next three years

LA Times  

HP has been grappling with shrinking demand for PCs and printers. HP Inc. says it will cut 3,000 to 4,000 jobs over the next three years as it faces continued challenges in the markets for personal computers and printers. The other, Hewlett Packard Enterprise Co., primarily sells servers and other data-center technology; HP Inc. retained the personal computer and printer …

HP profit beats Street amid weak market for PCs, printers
8 years, 9 months ago

HP profit beats Street amid weak market for PCs, printers

Firstpost  

HP Inc, which houses the former Hewlett-Packard Co’s legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers. Revenue in the personal systems business, the company’s biggest, fell 9.9 percent in the second quarter, while revenue declined 15.8 percent in the printing division. HP Inc forecast an adjusted profit …

HP plunges after printer business underwhelms
9 years, 3 months ago

HP plunges after printer business underwhelms

Firstpost  

Shares of HP Inc, which houses former Hewlett-Packard Co’s legacy hardware business, plunged 16.3 percent on Wednesday Shares of HP Inc, which houses former Hewlett-Packard Co’s legacy hardware business, plunged 16.3 percent on Wednesday after the company’s lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc’s revenue from both its …

New HP Enterprise sees big opportunity in China
9 years, 4 months ago

New HP Enterprise sees big opportunity in China

China Daily  

An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard logo in Chicago, Illinois, May 4, 2015. NEW YORK -- The newly spun-off tech giant HP Enterprise believes China is the real emerging market and there will be huge technology demand from the country in the forthcoming decades, said chief executive officer Meg Whitman Monday. She told reporters …

HP rises as investors take positive view of cash return plans
9 years, 6 months ago

HP rises as investors take positive view of cash return plans

Firstpost  

Shares of Hewlett-Packard Co rose as much as 5 percent on Wednesday as investors cheered plans for the company’s soon-to-be separated but struggling PC and printer business to return more capital to shareholders than many had expected. HP, which has struggled for years in a declining PC market, also said it would cut up to 33,300 jobs over the next …

Hewlett-Packard Is Laying Off Up To 33,300 Workers
9 years, 6 months ago

Hewlett-Packard Is Laying Off Up To 33,300 Workers

Huff Post  

Hewlett-Packard CEO Meg Whitman speaks during the HP Discover 2015 conference in Las Vegas, Nevada, on June 2, 2015. Credit: David Paul Morris/Bloomberg/Getty Images -- Hewlett-Packard Co., which plans to split into two listed companies this year, said it expected to cut about 33,300 jobs over three years as the tech pioneer adjusts to falling demand. Hewlett-Packard CEO Meg Whitman …

HP faces uphill battle with newly minted PC unit
10 years, 5 months ago

HP faces uphill battle with newly minted PC unit

Live Mint  

Seattle/San Francisco: Hewlett-Packard Co.’s chief executive officer Meg Whitman appeared to be banking on growth markets like 3D printing and a trickle back in personal computer sales when she announced on Monday a spin-off for the company’s computer and printing business. “HP Inc will be a fairly good cash-generating machine but growth will certainly be a struggle,” said Brian Fox, …

Hewlett-Packard splits off PC, printer businesses
10 years, 5 months ago

Hewlett-Packard splits off PC, printer businesses

Hindustan Times  

Hewlett-Packard, the iconic US company that started the born-in-a-garage trend in Silicon Valley, announced on Monday that it was splitting into two companies. “Our work during the past three years has significantly strengthened our core businesses to the point where we can more aggressively go after the opportunities created by a rapidly changing market,” Meg Whitman, chief executive officer, HP, …

HP to split into two public companies, lay off 5,000
10 years, 5 months ago

HP to split into two public companies, lay off 5,000

Live Mint  

Hewlett-Packard Co. said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. “Make no mistake, one HP was the right thing to do to begin the turnaround of this company,” Whitman said on a conference call. “Shareholders …

HP to buy cloud software start-up in rare acquisition
10 years, 6 months ago

HP to buy cloud software start-up in rare acquisition

Live Mint  

San Francisco: Hewlett-Packard Co. plans to buy cloud software start-up Eucalyptus Systems Inc., a rare acquisition for the company since its failed $11 billion purchase of Britain’s Autonomy Plc in 2011. HP did not say how much it will pay for Eucalyptus, which provides open-source software for building private and hybrid clouds, or Internet-based computing services. The acquisition is expected …

Hewlett-Packard sales top estimates on corporate demand
11 years, 3 months ago

Hewlett-Packard sales top estimates on corporate demand

Live Mint  

San Francisco: Hewlett-Packard Co. reported fiscal fourth-quarter revenue and profit that topped analysts’ estimates, boosted by corporate demand for servers, personal computers and networking equipment. Whitman’s forecast Net income was $1.41 billion, or 73 cents a share, compared with a $6.85 billion loss, or $3.49 a share, in the fourth quarter of last year. On a conference call with analysts, …

Hewlett-Packard lays off 22,700 jobs till July
11 years, 6 months ago

Hewlett-Packard lays off 22,700 jobs till July

India TV News  

New York: Computer maker Hewlett-Packard has laid off about 22,700 jobs as of July as part of its multi-year restructuring programme to cut costs. The US-based firm intends to eliminate a total of 29,000 positions in connection with its plan that will extend till 2014 fiscal, which it expects will cost about $3.6 billion in severance and other charges.HP follows …

HP's slump deepens in Q2 as earnings fall 32 percent
11 years, 10 months ago

HP's slump deepens in Q2 as earnings fall 32 percent

Firstpost  

Hewlett-Packard’s slump is deepening as the world’s largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. San Francisco: Hewlett-Packard’s slump is deepening as the world’s largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. Whitman has repeatedly warned that HP’s revenue might …

HP claims fraud prompted $5B overpayment for co.
12 years, 4 months ago

HP claims fraud prompted $5B overpayment for co.

Associated Press  

NEW YORK — Hewlett-Packard Co. said on Tuesday that it’s the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances. HP CEO Meg Whitman said executives at Autonomy Corporation PLC “willfully” boosted the company’s figures through various accounting tricks, which convinced HP to pay $9.7 billion for …

HP's outlook disappoints, driving shares to 9-year low – Firstpost
12 years, 5 months ago

HP's outlook disappoints, driving shares to 9-year low – Firstpost

Firstpost  

Hewlett-Packard Co’s shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in Hewlett-Packard Co’s shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software. Wall Street …

HP Could Cut 25,000 Jobs Next Week
12 years, 10 months ago

HP Could Cut 25,000 Jobs Next Week

Wired  

Meg Whitman doesn't want to get rid of Hewlett-Packard's PC group, but that doesn't mean she's above making some cuts. According to a pair of anonymously sourced reports, Whitman is planning to announce some big layoffs -- perhaps between 8 and 15 percent of the workforce -- when she announces the company's quarterly financial results next Wednesday. Whitman has been …

HP Lauches into Cloud Computing with Beta Offering
13 years, 6 months ago

HP Lauches into Cloud Computing with Beta Offering

Wired  

Hewlett-Packard released a private, beta cloud service that includes both computing and storage capabilities on Wednesday. HP said it will open HP Cloud Compute and HP Cloud Object Storage to developers for testing and feedback, all of which is being run on HP’s network hardware. A survey in May by IBM of more than 3,000 chief information officers showed that …

All change at HP as it swings towards enterprise software and services
13 years, 7 months ago

All change at HP as it swings towards enterprise software and services

Firstpost  

It seems that HP is significantly remoulding its business, withdrawing from consumer markets and refocusing on higher margin enterprise markets. Reports are that other US retailers such as Fry’s and Wal-Mart are also struggling to shift the tablet, despite HP dropping the price by $100 and some shops, such as Staples, offering another $100 off. Then came news that the …

HP-EDS Deal Marks End Of Old IT Outsourcing Model
16 years, 9 months ago

HP-EDS Deal Marks End Of Old IT Outsourcing Model

Firstpost  

HP’s announcement to acquire EDS can hardly come as a big surprise since many of the large outsourcers over the past two years have seen their market values decrease and subsequently have been rumoured as potential acquisition candidates. A 30-year-old business model that puts outsourcing deals and profits at risk because of rigid contracts, pricing, and service delivery structures that …

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