HP to lay off 27,000, profit slides 31 percenti45.tinypic.com
HP to lay off 27,000, profit slides 31 percent
Made popular 390 days ago in Business
msnbc.msn.com — SAN FRANCISCO (Reuters) - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares 11 percent higher.
The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014, when the layoffs are expected to the completed.
The world's No. 1 personal computer maker, which employs more than 300,000 people globally, also said on Wednesday that it had a 31 percent decline in second-quarter profit and a 3 percent decline in revenue, compared with a year ago.
The results, however, were better than Wall Street expectations.

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Posted by lastbaldeagle
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27,000 more victims of Obamanomics?
Yes, and unemployment figures will neen to be further manipulated.
60%
No, they had to do it in order to maintain the non profit status that Obama loves so much.
40%
This is not a scientific survey, click here to learn more. Results may not total 100% due to rounding and voting descrepencies.
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Free
Posted 390 days ago
0 up votes, 0 down votes
You mean…

No, the profit status the Republicans like, growth in EPS by firing people and giving more money to meg ryan the CEO
lightdude
Posted 389 days ago
0 up votes, 0 down votes
@Free Pull your head out and hear the POP free.
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