Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Networking
    • PC Hardware

    HP Restructuring Plan Could Bring Layoffs

    By
    John G. Spooner
    -
    July 18, 2005
    Share
    Facebook
    Twitter
    Linkedin

      Hewlett-Packard will announce on Tuesday a restructuring plan that is expected to include hefty layoffs.

      The Palo Alto, Calif., computer giant on Monday evening said in a statement that its CEO, Mark Hurd, and chief financial officer, Bob Wayman, would conduct calls on Tuesday morning to provide “the details of a restructuring plan.”

      That plan is expected to trim Hewlett-Packard Co.s expenses and thus could result in as many as 25,000 job cuts, analysts have said.

      /zimages/4/28571.gifClick here to read about Hewlett-Packards desktop PC pricing changes.

      One source familiar with the plans said the plan would include at least 15,000 layoffs, but could range as high as 25,000. HP has about 150,000 employees worldwide, according to its Web site.

      Despite the eye-catching scale of the layoffs expected, the plan has been in the works for some time.

      Hurd, who took over as HPs CEO in March, first said that HP would need to make tough decisions to reduce costs during the companys second fiscal quarter earnings conference call on May 17.

      During the call, Hurd said HP was in the process of reviewing its operations and cost structures.

      /zimages/4/28571.gifRead details here about HPs reorganization of its PC and printer units.

      “Nothing will be taken for granted,” he said. “We are stacking up the cost structures of each business, the corporate function, against best in class. We are reviewing the organization structure and determining how we can simplify it and take out complexity, and we will take necessary steps to drive a performance-oriented culture across our company.”

      Aside from reducing costs and tweaking HPs capital allocation strategy, Hurd said, his goals included forging ahead with the companys Imaging and Printing strategy while bolstering the financial performances of its server and storage business, as well as its managed services, consulting and integration, and software groups.

      /zimages/4/28571.gifCheck out eWEEK.coms for the latest news in desktop and notebook computing.

      Avatar
      John G. Spooner
      John G. Spooner, a senior writer for eWeek, chronicles the PC industry, in addition to covering semiconductors and, on occasion, automotive technology. Prior to joining eWeek in 2005, Mr. Spooner spent more than four years as a staff writer for CNET News.com, where he covered computer hardware. He has also worked as a staff writer for ZDNET News.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×