Thursday, May 22, 2014

HP and More Job Cuts

Wow, you'd think $HPQ would run out of jobs to cut. 16k more!


HP To Cut An Additional 11k to 16k Jobs As Quarterly Revenue Falls

Shares of computer and printer producerHewlett-Packard took a last-minute dive into negative territory Thursday afternoon after accidentally releasing the first page of its second quarter earnings report a few minutes too early — and not only was the timing of the results unexpected, but so were the company’s sales, which came in under the predictions set forth by Wall Street analysts. And in other less-than-fantastic news, the technology company also said that in an effort to achieve cost savings, it will need to lay off more people than it initially planned.

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