“The number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a range of information-technology services and has been beset by declining profitability, said these people, who asked not to be identified because the plans aren’t final and may change,” Ricadela reports. “Meg Whitman, chief executive officer since September, is seeking to reverse the growth slump that led to the ouster of her predecessor, Leo Apotheker. The company’s PC sales are dropping as consumers favor tablets, such as Apple Inc.’s iPad, and it has been slow to adapt to the shift toward cloud computing, away from the IT services Hewlett-Packard provides.”
Ricadela reports, “Some of the cuts to Hewlett-Packard’s workforce of 324,600 may come through early-retirement packages, the people said. Hewlett-Packard may offer early retirement to several thousand people, the people said… Besides tussling with Apple, Hewlett-Packard is also vying with companies including International Business Machines Corp., Oracle Corp. and Cisco Systems Inc. in the market for hardware, software and services for large corporations… Hewlett-Packard plans “significant” layoffs and seeks to cut its workforce by 10 percent to 15 percent, Business Insider reported yesterday, citing an unidentified person.”
Read more in the full article here.
MacDailyNews Take: Good luck to those affected. It’s sad to see what’s become of a once (long ago) great company. Sucked at the Microsoft teat for far too long, HP did. HP sold their soul to the devil, and now the time has come to pay.
[Thanks to MacDailyNews Readers "Fred Mertz" and "Tom R." for the heads up.]