Thursday, May 17, 2012

HP’s Stock Price Is Climbing Amid Massive Layoff Rumors. From @techcrunch

HP is reportedly going to be announcing massive layoffs next Wednesday. Conflicting reports state somewhere between 25Kand 30K jobs, between 7% and 8% of HP’s global workforce, could be eliminated in an effort to absorb loses from decreasing demand for the company’s products and services. The cuts could happen over the next year, rather than a mass layoff, according to AllThingsD who also state that the total number is still undecided.

More here and here

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