HP bringing the total number of personnel fired on 29,000 people

The computer giant Hewlett-Packard (HP) has officially announced that it will cut 29,000 (up 2,000 people) Global HR – equivalent to 8% of its total number of employees (implemented from now until the end of 2014) as part of efforts to restructure the company, the plan is expected to save HP from 3 to U.S. $ 3.5 billion operating costs. The move stems from the dismal financial situation during the past years, together with growing pressure from Lenovo. “We are implementing the medium-and long-term plan to turn the company HP became a compact, efficient and better for customers, employees and shareholders,” said CEO and chairman HP Meg Whitman. Also in fiscal 2014, HP expects to save $ 3.7 billion, including $ 3.4 billion is due to downsizing and cost U.S. $ 400 million was recorded through closed some offices, the company’s data center.   According to statistics from Gartner, HP is currently the world’s largest computer maker’s with 13.06 million units sold in the second quarter – down about 12 percent from the same period last year, but they are in danger of being surpassed Lenovo in the future. Estimates, Q3 2012 HP will reach U.S. $ 1.7 billion and profits in the future array of research and development of its products continue to get stronger investment.   Source: CnetAnh: Reuters

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