[URL]http://news.yahoo.com/reports-hp-poised-eliminate-30-000-jobs-194048870--finance.html[/URL]
[QUOTE]SAN FRANCISCO (AP) — Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to reports published Thursday.
The looming cuts cited by Bloomberg News and the technology blog All Things D would trim as much as 9 percent of HP's workforce, based on the
349,600 people employed by the Palo Alto, Calif., company as of last October. A breakdown on HP's website listed 324,600 employees, but company
spokesman Michael Thacker said the information was wrong. He pointed to the October figure listed in HP's annual report as the most accurate head
count.
Bloomberg News says HP is mulling 25,000 job cuts. All Things D, which is affiliated with The Wall Street Journal, estimates the purge will jettison
30,000 jobs. Both reports cited unnamed people familiar with HP's plans.
Thacker declined to comment on the reports.
The job cuts could be announced next Wednesday, when HP is scheduled to report its quarterly earnings.
Those results are expected to show that HP, the world's largest maker of PCs and printers, is still struggling to adapt to a technological shift that is
enabling more computing tasks to be completed on smartphones and tablet computers such as Apple Inc.'s hot-selling iPad.
The trend has been crimping HP's sales. Analysts predict HP's revenue for its current fiscal year ending in October will total $122 billion, down 4
percent from $127 billion last year.
If HP trims its payroll by at least 18,000 workers, the company could save more than $1 billion annually, according to ISI Group analyst Brian Marshall.
If it occurs, the purge would be the most dramatic step taken so far by HP CEO Meg Whitman, who took the job last September after the company
abruptly ended the 11-month reign of her predecessor, Leo Apotheker.
Whitman told analysts that she inherited such a messy situation that it may take several years for the company to bounce back. HP is trying to lift its
stock price back to where it was nearly two years ago before the company demanded the resignation of another CEO, Mark Hurd, who was widely
respected on Wall Street. Hurd stepped down in August 2010 amid questions about his relationship with an HP marketing contractor.
HP's shares are worth half as much as they were before Hurd's departure. The stock gained 3 cents Thursday to close at $22.03.
Whitman has said she is also trying to fix some problems that she blames on Hurd. In particular, she says Hurd crippled HP's ability to innovate by
imposing deep reductions in the company's research and development budget. Whitman has indicated that she would reduce expenses in other areas
so she can funnel more money into research and development.
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It's not just because people are moving to phones and teblets, but also because it's cheaper to build the computer yourself these days
The devaluing of currency while prices and wages stay stable could also be a factor.
Gee, i wonder why they don't buy HP PCs
For those that don't know, HP consumer PCs are overheating flimsy pieces of cow manure that die as soon as you do anything strenuous.
[QUOTE='[EG] Pepper;35997894']Gee, i wonder why they don't buy HP PCs
For those that don't know, HP consumer PCs are overheating flimsy pieces of cow manure that die as soon as you do anything strenuous.[/QUOTE]
I have a HP. After running loyally for many years it crashed, then we installed Ubuntu and it is still kicking. It's probably the longest lived computer my family ever had.
18000 people? And I thought 600 at Blizzard was a lot.
I'd like to hope it's because self-builts are getting far more popular.
I mean, sure, for some people it can take time but, you get the very best out of the very least money.
HP, I swear to god if you lay me off again, I will bitch smack you upside the face with an aluminum cheese slicer.
This is scary, my dad works at hp. :c
[QUOTE='[EG] Pepper;35997894']Gee, i wonder why they don't buy HP PCs
For those that don't know, HP consumer PCs are overheating flimsy pieces of cow manure that die as soon as you do anything strenuous.[/QUOTE]
Everything in this post is true except for the longevity and workload tolerance. I'm posting from a refurbished 2005 Pavilion. Not stock, mind you. It's got an upgraded video card and I had to replace a hard drive and RAM card and the optical drives don't work very well any more, but it's still a very useful bit of hardware, especially being that I puruse GOG fairly regularly.
I'm currently trying to move over to a new HD before the current one goes belly up. Having a bit of trouble-the cloned version refuses to boot due to HAL.dll being missing or corrupted. It's gotten to the point where I'm just going to reformat the cloned disk and clone/image again.
[QUOTE=Starlight15;35998406]This is scary, my dad works at hp. :c[/QUOTE]
Right now is the perfect time to get a summer job.
[QUOTE=Lambeth;35997802]It's not just because people are moving to phones and teblets, but also because it's cheaper to build the computer yourself these days[/QUOTE]
no its because no one wants overheating laptops and printers that dont print
My HP laptop didn't work as soon as it came out of the box, printer broke after a month.
Bring on the ASUS and Epson.
[QUOTE=meppers;35998865]no its because no one wants overheating laptops and printers that dont print[/QUOTE]
We have an HP laser printer and it's works great with no problems
[QUOTE=meppers;35998865]no its because no one wants overheating laptops and printers that dont print[/QUOTE]
Excusez moi
My Deskjet 3920 has never ONCE failed me and I got the thing from a dumpster
If anything it's nobody wants those travesty of a peripheral multifunction things
I remember I had an HP printer that would make oblivion crash all the time, I had to unplug it to make oblivion work. How a printer manages to affect a game I will never know
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