HP Makes More Money, Cuts 16,000 Jobs

jfruh (300774) writes "Good news for HP: Profits are up by 18% over the previous year! Bad news for HP: A lot of those profits are from post-Windows XP PC upgrades, and company revenue actually dipped 1%. The solution, according to CEO Meg Whitman, is "continuous improvement in our cost structure," which means firing thousands of people. At the end of the next round of layoffs, the company will have shed 50,000 employees since 2012." New submitter Deveauxes (3664417) links to a similar story from CNN's news service, according to which "HP said the latest layoffs would come across all its business units and geographic locations, and would generate $1 billion in annual savings beyond the $3.5 to $4 billion projected from the previously announced cuts. 'No company likes to decrease the work force, and we recognize that this is difficult for employees,' CEO Meg Whitman said in a conference call with analysts. 'I think everyone understands the turnaround we're in.'"

Comments

Meg and Carly sitting in a tree

[rahvin112]

By the time Meg and Carly are both done there isn't going to be an HP anymore. Meg wouldn't be a republican if she didn't destroy HP.

Re:Meg and Carly sitting in a tree

[TrollstonButterbeans]

No company has the responsibility to care about the economy at large. That is a function of government of the government.

Case in point, do you still buy Zip Drives or go buy Garth Brooks cds or pay for paper maps?

If not, you are as much of an asshat for undermining the economy --- or worse. You are hypocritical asshat, not willing to waste your own money while simultaneously saying it is OTHERS responsibility to do so.

But your responsibility as a consumer is your own interests, right? And likewise, so is a company's interests --- unless you think it is your right to deny that right to others while not doing it yourself.

Short version: you are a hypocrite.

Astro-turfing Democrat

[RoccamOccam]

Anyone else noticed the obviously pre-meditated attempts at injecting clumsy Republican-bashing in every single story for which there is even the slightest semblance of relevancy. I honestly think it's an organized campaign.