Subscribe free to our newsletters via your
. Military Space News .




INTERNET SPACE
Hewlett-Packard sees up to 30,000 job losses in split
by Staff Writers
San Francisco (AFP) Sept 16, 2015


Hewlett-Packard said Tuesday an upcoming corporate split would lead to job losses of 25,000 to 30,000, on top of tens of thousands of cuts in recent months.

HP, a major player in the industry, has been undergoing a massive reorganization to cope with the move away from traditional personal computers to mobile devices.

The move by Hewlett-Packard, the world's second-largest PC maker and one of the biggest US tech firms, is the latest in the sector based on the belief that tightly focused firms perform better.

The losses will come as the US tech giant splits into two separate units: one with a focus on personal computers and printers, and the other on software and enterprise services.

The new enterprise unit is seeking some $2 billion (1.78 billion euros) in annual cost reductions, according to the outlook provided to analysts, plus $700 million in savings related to the spinoff.

No timetable for the layoffs was given.

In its last annual report, HP said it had some 302,000 employees at the end of 2014.

Since 2012 the company been a cost-cutting drive. Since then it has limited five percent more than the goal of 55,000 jobs it set then through October of this year, CFO Cathie Lesjak said last month.

HP said Tuesday the new cuts will be the last ones.

"These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise," said Meg Whitman, the HP chairman and chief executive who will head the unit after the split.

"Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business," said Whitman.

"As a separate company, we are better positioned than ever to meet the evolving needs of our customers around the world."

The new company will focus on cloud computing, servers, storage, networking and other technology services, with the other unit HP Inc. keeping the personal computer and printer operations.

Hewlett Packard Enterprise will have more than $50 billion in annual revenue and "will be focused on delivering unrivaled integrated technology solutions" to companies, according to a company statement.

The split, set to be completed by the end of the fiscal year in late October, will take place as a tax-free distribution of shares to HP's stockholders.

It breaks up a company formed in the 1930s by Stanford University graduates Bill Hewlett and Dave Packard to make electric equipment, and whose Palo Alto garage has been dubbed "the birthplace of Silicon Valley."

soe-rl/oh/dw/ri

HEWLETT PACKARD


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





INTERNET SPACE
New Steve Jobs film wins over "The Woz"
San Francisco (AFP) Sept 13, 2015
Nearly four years after the death of Steve Jobs, the legacy of the iconic Apple co-founder continues to be debated in books and on film. Jobs so touched the world that many around the globe were struck with grief when he died in his Silicon Valley home on October 5, 2011. A growing list of films delve into his controversial character and his stunning accomplishments, but only now has a J ... read more


INTERNET SPACE
Russian Anti-Missile Warning System Protects on Multiple Tiers

Russian Missile Warning System Can Detect Mass Launch of Ballistic Missiles

US runs missile defense wargames to break Russian jamming

Japan requests Aegis systems for new destroyers

INTERNET SPACE
Orbital ATK producing more AARGM missiles

Advanced Sidewinder missile approved for full-rate production

Moscow, Tehran Sign Roadmap For S-300 Deal Implementation

Air-launched Sidewinder tested as ground-based weapon

INTERNET SPACE
British Military to Buy Solar-Powered Drones Flying on Edge of Space

Drones Are Now Being Used To Stop Rhino Poachers In Their Tracks

US Tests New Cerberus Electronic Attack System on Drones

To Watch and to Strike: Russia Developing Multi role Heavy Drone

INTERNET SPACE
BAE Systems modernizing Australia's military communications

GSAT-6 military satellite put in its orbital slot

45th SW supports 4th Mobile User Objective System satellite launch

Navy extends satellite support contract

INTERNET SPACE
US Navy boss questions mixed-gender Marine squad study

Britain to gift more counter-IED help to Pakistan

Norwegian Army receives CV90s from BAE Systems

Army says Ranger School will stay open to women

INTERNET SPACE
Lockheed Martin protests new armored truck contract

Middle Eastern leaders flood to Moscow for Syrian talks, aerospace salon

Growth for Turkish defense industry

Nigeria to step up local arms manufacture in Boko Haram fight

INTERNET SPACE
Tensions to mark Xi's White House visit

Cuban envoy makes 'historic' visit to US Navy ship

China's anti-ship missile and troop cuts highlight shifting power

India announces major pensions overhaul for army veterans

INTERNET SPACE
Nano-dunes with the ion beam

Using DNA origami to build nanodevices of the future

Nanoporous gold sponge makes DNA detector

Researchers use laser to levitate, glowing nanodiamonds in vacuum




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.