HP adds to layoff tally, now plans 29,000 job cuts
Source: MSN
September 10, 2012 12:12 PM ET
SAN FRANCISCO (Reuters) - Hewlett Packard now plans to layoff 29,000 employees, increasing the total number of job cuts by 2,000 over the next two years as it tries to kickstart growth.
HP, which will cut jobs through a combination of involuntary cuts and early retirement offers, expects to take charges of about $3.3 billion through the end of HP's 2014 fiscal year for the workforce reductions, it said in a regulatory filing on Monday.
The company also expects to take another $400 million in charges relating to data centers and real estate consolidation.
The world's No. 1 personal computer maker, which employs more than 300,000 people globally, has begun a multi-year restructuring aimed at focusing the sprawling company on services targeted at corporations.
Read more: http://money.msn.com/business-news/article.aspx?feed=OBR&date=20120910&id=15539397
wilt the stilt
(4,528 posts)who hit me in a parking lot. When we called the police the officer said it was his fault. Instead of taking ownership he let his Insurance company fight it and we had to take 505 of the fault. he was a good "christian". I hope he is laid off.
SoapBox
(18,791 posts)So, Mittens and Coupon Care!
Explain...now...please.
What EXACTLY is your plan, to REQUIRE HP to keep American jobs here...AND, create more!
What?
What?
Can't hear you?
OH.
*crickets*
KamaAina
(78,249 posts)instead of the whole state.
onehandle
(51,122 posts)jwirr
(39,215 posts)these corporations that have caused this recession through outsourcing and off shoring and ignore the unemployment rating as an indicator of the health of our nation. We need to vote for President Obama to let them know that we are onto their game of destroying the USA.
Skittles
(153,160 posts)they won't lay them off no matter how shitty they are