HP to jettison up to 30,000 jobs as part of spinoff

[IDemo]

SAN FRANCISCO (AP) — Hewlett-Packard Co. is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its recent history.

The purge announced Tuesday will occur within the newly formed Hewlett Packard Enterprise, a bundle of technology divisions focused on software, consulting and data analysis that is splitting off from the company's personal computer and printing operations.

The spinoff is scheduled to be completed by the end of next month, dooming 25,000 to 30,000 jobs within HP Enterprise. The target means 10 to 12 percent of the 252,000 workers joining HP Enterprise will lose their jobs as part of the company's effort to reduce its expenses by $2 billion annually.

The cuts expand upon austerity measures that HP has been pursuing for years to offset the damage caused by acquisitions that haven't panned out and a technological shift from PCs to mobile devices that reduced demand for many of the company's key products.

http://news.yahoo.com/hp-jettison-30-000-jobs-part-spinoff-210912887--finance.html

Damn....

[DinahMoeHum]

1. Good thing I've never bought HP's crap.

HP has been going downhill ever since Carly Fiorina ran things.

Meg Whitman is no better.

[yeoman6987]

2. I am not saying they are legitimate loss'

However, I am finding thes companies slashing jobs going into election cycle. I wonder if this is purposeful to hurt the Democratic Party.

[Egnever]

3. Crap indeed

http://www.statisticbrain.com/laptop-malfunction-rates/

Hp is the worst

[Initech]

4. They make the absolute worst tablets too.

I bought an HP Stream and it's the most frustrating piece of shit I've ever bought. I have an Asus Zenpad and it's a million times better.