Posted on 05/23/2012 2:05:15 PM PDT by matt04
Hewlett-Packard Co. (HPQ) unveiled plans to lay off 27,000 employees as the technology giant also reported its fiscal second-quarter earnings slumped 31% amid relatively flat revenue in its personal computer business and lower sales in its printing segment.
However, shares were up 7% at $22.46 in recent after-hours trading as earnings beat the company's expectations and as the company raised its full-year view.
The company said it plans to lay off about 8% of its workforce by the end of fiscal 2014. Its restructuring plans are expected to generate annualized savings of between $3 billion and $3.5 billion by 2014, most of which will be reinvested back into the company. It plans to use the savings to boost investment in cloud, big data and security.
"These initiatives build upon our recent organizational realignment, and will further streamline our operations, improve our processes, and remove complexity from our business," said Chief Executive Meg Whitman in a statement. "While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long term health of the company."
(Excerpt) Read more at online.wsj.com ...
HP screwed the pooch when they got out of the Test Equipment business. That market will always be there. Agilent, the company that bought HP’s Test Equipment division has crappy customer support and the quality of the gear has gone down significantly.
Not surprised at all. I bought a fancy HP laptop $1400+ about 3 years ago, huge beautiful screen and it was slow!... some of the LEDs (lights) are not functioning anymore... and this is a machine that was expensive and I treated it like baby, just for home. Then I bought another “cheapo” laptop to hull around (Dell Inspiron, close to $600) and that little thing has been a giant of a performer... Who would have thought.
I also bought an HP printer about 3 years ago as well, and the “Wireless” antenna/transmitter broke down recently so I can only use connected with wires.
So, I will definetely stay away from HP. Again, very light use on both of those machines. I can see if you really put them through their paces for a couple of years... Then I would say, ok... but with such a light use???? NO, no way.
So, not surprised at all the are going down the tube. Shitty products in my experience.
Amen.
That Gloria Allred looks like a load o’ laughs, doesn’t she?
I recently got an HP with an AMD quad core laptop. I love the thing. It has quad speaker, fingerprint scanner, an IOS system and more. I paid less that $400 for it. It’s about two months old and works like a champ.
And yet they are bringing in contractors.
Most of what home stuff I deal with for others is HP. The other makes give little or no trouble except for the once in a while HD change.
I subcontracted out with HP/BofA/Roelker/Net-Tech/Whoever last year. The HP stuff was poor, the paperwork absurd (40 sheets faxed nightly), weirdly paying and ultimately ripping off and most of the crews I don’t know where they found them.
When I saw and got a taste of being a lead/supervisor, I opted for the not much better Van driver. It was unreal. The caliber of people I generally work with were way more intelligent than that bunch. Explain and explain over and over and get nothing.
Some would have literally mountains of trash piled up in the middle of the site and not bother doing anything about it for hours, milking the clock. All well and good but I couldn’t clear until all sites for night were done.
There was other stuff but I’d rather keep my blood pressure low and try not to think about that crooked confab.
Somehow more H1B’s will magically appear on the payroll. Only US citizens are on the block for this no doubt.
oooh snap.
I too just bout an HP with an AMD dual core processor laptop. I’ve never had any trouble with HP products. I did have my old HP laptop die on me only because I was stupid, and left the laptop running on my bed without a cooling pad underneath. What hurts is I knew better! I have a HP Photosmart printer, and have had it for 5 years now. It still works great.
I don’t get it.
It was an HP-512C for me, did all sorts of weird things, would just spit out a blank sheet of paper once in a while.
Started looking it and others were complaining that it was haunted.
It was.
That’s gonna leave a mark.
It was an HP-512C for me, did all sorts of weird things, would just spit out a blank sheet of paper once in a while.
Started looking it and others were complaining that it was haunted.
It was.
Mine did the same thing. It startled me a few times.
That’s gonna leave a mark.
welcome to the Obama double dip recession!
Obama’s Fault!!
Doesn’t surprise me. Who needs a copier today when everyone is scanning. I am surprised that Kinko’s hasn’t gone out of business yet. These businesses need to keep up with the times or they will be gone. Get with it companies!!!
The hard drive shortage can’t have helped anything.
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