HP to Cut 6400 Jobs This Year

[JMcEntegart]

It’s been a while since we wrote about major job losses.

HP to Cut 6400 Jobs This Year : Read more

 

[skittle]

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.

 

[maximiza]

Come on guys, the economy is getting better. Have " HOPE "

 

[roofus]

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

 

[falchard]

They bought the EDS name then cut the people that make EDS what it is. Good Job HP.

 

[jacobdrj]

Roger Rabbit?

 

[anamaniac]

[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]

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.

 

[starryman]

6,400 jobs lost to 25,000 low wage employees off-shore.

 

[hellscook]

Please note that none of the jobs to be cut will affect India or the Phillipines.

 

[dark_lord69]

That is a LOT of job losses. I feel sorry for anyone that has lost thier job during this recession.