Feeds

HP admits job cuts on the cards

But is Europe safe from Platt the Axe?

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Hewlett-Packard is to undergo a restructure which will involve the loss of jobs, chairman Lew Platt said yesterday. Platt did not discuss how the restructure would change the operation of the company, or state where the staff cuts would be implemented, or how many redundancies would be involved. But he was emphatic that "undoubtedly there will be some personnel cuts as part of the restructuring. At this point in time, we expect all of that will be done through voluntary means". When answering questions at the IDC European IT Forum in Paris last week, Platt admitted he was pinning his hopes for HP's success on Europe following a downturn in the company's US business and continuing problems in Asia (see Europe to lead on growth). That suggests the EC is unlikely to bear the brunt of any major chanages at the company. Platt's latest comments, made via teleconference to an audience in Singapore, follow the company's admission that it expects to take a $150 million hit on it Q4 results to cover cost-cutting programmes. It has already imposed a five per cent pay cut on 2400 managers for a period of three months. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?