“Meg Whitman, the chief executive of Hewlett-Packard, has said that it will take a long time to get the company on the right course,” Quentin Hardy reports for The New York Times. “The quarterly results released Thursday underlined that a recovery was still in the distance.”
“Ms. Whitman also said she would lay off 11,000 to 16,000 employees at the company, in addition to the 34,000 jobs it already said would be cut,” Hardy reports. “At the end of 2013, HP employed about 317,500 people globally.”
“‘The longer we’re here,’ Ms. Whitman, who became chief executive in September 2011, said in an interview after the earnings release, ‘the more we realize about the business processes. It’s the normal course of business; it’s never easy,'” Hardy reports. “HP, until recently the world’s largest technology company in terms of revenue, has been battered by deep changes in both consumer and business behavior. Sales of personal computers, its largest area of business, have been hurt in recent years by competition from tablets and smartphones.”
MacDailyNews Take: Read: iPhones and iPads and assorted knockoff leeches.
Hardy reports, “Ms. Whitman said she had ‘a pipeline of innovative products’ across a number of areas, along with ‘a very compelling offering in the cloud.'”
Read more in the full article here.
MacDailyNews Take:
When we were an agrarian nation, all cars were trucks. But as people moved more towards urban centers, people started to get into cars. I think PCs are going to be like trucks. Fewer people will need them. And this transformation is going to make some people uneasy… because the PC has taken us a long way. They were amazing. But it changes. Vested interests are going to change. And, I think we’ve embarked on that change… We like to talk about the post-PC era, but when it really starts to happen, it’s uncomfortable. – Steve Jobs, June 1, 2010
Death is very likely the single best invention of life. It is life’s change agent. It clears out the old to make way for the new. – Steve Jobs, June 12, 2005
Good luck to upwards of 50,000 HP employees affected. May the uncomfortable changes you now face propel you to far better stead in the very near future.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]
