HP to Cut 6400 Jobs This Year

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roofus

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Anything to doll up the numbers for shareholders. HP really makes nothing of their own anymore anyways so your just buying the name.
 

anamaniac

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[citation][nom]skittle[/nom]Im not surprised... my mother was recently cut from the EDS portion. She did receive six months of severance though... so its not all bad.[/citation]

I wouldn't mind getting a 6 months severance pay.
6 months to find a new job with more free time sounds like I could do it.
 

intelliclint

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Information is a little misleading. HP is letting going about 2% of its work force, mostly from its printing and personal computing groups. These groups have been showing losses where other groups like EDS and Technical Services groups have been making a profit. Over all the company made 4% profit last quarter and 3% this quarter adjusted for US$. Thats still not good cause that is -3% profit. TSG nearly doubled its profit from last year. So those mergers with EDS and Compaq have really paid off and kept the printing and personal computing groups afloat.
 
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