“She said she inherited a bloated company that hasn’t been innovating quickly enough in any of its divisions, which span from personal computers and printers to software and data storage,” AP reports. “The headaches are so severe that Whitman believes HP’s revenue growth might not accelerate again until 2015. ‘It is going to take longer to right this ship than any of us would like,’ Whitman said.”
AP reports, “In an effort to maintain its profits, HP is in the process of eliminating 29,000 jobs through employee buyouts, attrition and layoffs.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]