Mon Sep 10, 2012, 04:20 PM

OhioChick (21,217 posts)

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

6 replies, 1170 views

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6 replies	Author	Time	Post
HP adds to layoff tally, now plans 29,000 job cuts (Original post)	OhioChick	Sep 2012	OP
I know a guy	wilt the stilt	Sep 2012	#1
A prime example for Loser and Liar to NOW tell us how they would deal with HP to keep jobs here.	SoapBox	Sep 2012	#2
At least NutMeg can only do this to one company	KamaAina	Sep 2012	#3
Meg Whitman is there to flip the company and line her pockets in a Bain Effect. nt	onehandle	Sep 2012	#4
This a corporate conspiracy to get President Obama out of the WH. We the people have to call out	jwirr	Sep 2012	#5
CHEAPSHORE is protected	Skittles	Sep 2012	#6

Response to OhioChick (Original post)

Mon Sep 10, 2012, 04:36 PM

wilt the stilt (3,224 posts)

1. I know a guy

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.

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Response to OhioChick (Original post)

Mon Sep 10, 2012, 04:40 PM

SoapBox (5,820 posts)

2. A prime example for Loser and Liar to NOW tell us how they would deal with HP to keep jobs here.

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*

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Response to OhioChick (Original post)

Mon Sep 10, 2012, 04:43 PM

KamaAina (45,241 posts)

3. At least NutMeg can only do this to one company

instead of the whole state.

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Response to OhioChick (Original post)

Mon Sep 10, 2012, 04:48 PM

onehandle (35,440 posts)

4. Meg Whitman is there to flip the company and line her pockets in a Bain Effect. nt

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Response to OhioChick (Original post)

Mon Sep 10, 2012, 04:51 PM

jwirr (20,909 posts)

5. This a corporate conspiracy to get President Obama out of the WH. We the people have to call out

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.

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Response to OhioChick (Original post)

Mon Sep 10, 2012, 08:50 PM

Skittles (86,308 posts)

6. CHEAPSHORE is protected

they won't lay them off no matter how shitty they are

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