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 hinting at layoffs for months, though, as she merges the company's PC and printer divisions and generally tries to bail out a storied -- but extremely troubled -- company. In 2009, HP paid $13.9 billion for services giant EDS, and the bulk of the reported layoffs could come from that division, now known as HP's Enterprise Services Group. The layoffs could save HP $2 billion annually, wrote RBC Capital Markets Amit Daryanani in a research note, published Thursday.

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History of this topic

HPE Plunges Most Since 2020 on Weak Profit Outlook, Job Cuts
2 weeks, 3 days 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, 5 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, 6 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
3 weeks 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 …

More tech layoffs hit Bay Area as HP and Autodesk announce job cuts
1 month ago

More tech layoffs hit Bay Area as HP and Autodesk announce job cuts

LA Times  

Another round of layoffs hit the San Francisco Bay Area’s volatile tech industry. HP Inc. plans to lay off up to 2,000 more employees as the company looks for ways to slash costs amid economic uncertainty and eyes more investments in artificial intelligence. HP’s updated restructuring plan will save the company an estimated $300 million by the end of fiscal …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
6 months, 3 weeks ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

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; Dell latest to trim headcount
2 years, 1 month ago

Big tech job cuts keep coming; Dell 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. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Tech Layoffs: IBM Announces 3,900 Job Cuts After Missing Cash Targets
2 years, 2 months ago

Tech Layoffs: IBM Announces 3,900 Job Cuts After Missing Cash Targets

ABP News  

IBM has announced 3,900 layoffs on Wednesday as a part of its disinvestments and missed cash targets, after cheering for beating its revenue expectations in the fourth quarter, according to Reuters. He added the layoffs will focus on related IBM spin-offs Kyndryl and Watson Health units and will cost the company a charge of around $300 million in the January-March …

‘Decision to cut 12,000 jobs step in right direction’: Investor tells Google
2 years, 2 months ago

‘Decision to cut 12,000 jobs step in right direction’: Investor tells Google

Live Mint  

Alphabet Inc, the parent of Google recently announced 12,000 job cuts, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. "The decision to cut 12,000 jobs is a step in the right direction. Just shareholder greed Man who paid himself a half billion pound salary last year complaining …

Microsoft to cut 10,000 jobs as tech layoffs intensify
2 years, 2 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

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 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, 10 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 …

Meg Whitman hails logic of Hewlett-Packard split
9 years, 4 months ago

Meg Whitman hails logic of Hewlett-Packard split

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. HP will now trade as Hewlett Packard Enterprise, which …

Meg Whitman hails logic of Hewlett-Packard split
9 years, 4 months ago

Meg Whitman hails logic of Hewlett-Packard split

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. HP will now trade as Hewlett Packard Enterprise, which …

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 …

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 …

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 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 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, …

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