The head of Hewlett-Packard surveys the giant company, figures 150,000 workers is too many, and chooses to cut thousands of jobs.
Hewlett-Packard is likely to lay off thousands more employees, financial analysts have projected after new chief executive Mark Hurd presented his inaugural assessment of quarterly earnings.
Sales and support workers are hardest hit under restructuring plan intended to save US$1.9 billion annually.
We give incoming HP CEO Mark Hurd a few words of advice ... like ditch the Gulfstreams.
Five months after merging its PC business with its imaging and printing group, Hewlett-Packard split them up again on Monday and appointed R. Todd Bradley, former chief executive of PalmOne, as new leader of its personal systems group.
Hewlett-Packard executives are mulling plans to improve over the next 18 months the technology the company uses to manage its direct sales, while it continues with commercial printing efforts and acquisitions of software companies.
We give incoming HP CEO Mark Hurd a few words of advice ... like ditch the Gulfstreams.
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