DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
January 23, 2018 
Main Menu
News archives

Who's Online
There are currently 497 people online.


Latest Reviews
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller

Follow us

HP cuts 6400 jobs as sales decline

Posted on Wednesday, May 20 2009 @ 18:38:26 CEST by

HP saw its second-quarter net income fall to $1.72 billion, from $2.06 billion a year earlier. Sales dropped 19 percent to $8.19 billion and HP CEO Mark Hurd says sales haven't shown signs of rebounding as the economy remains in a dire position. Hurd doesn't expect sales will improve this year and announced HP will slash another 6,400 jobs, roughly 2 percent of the company's global workforce.
Annual revenue will drop 4 percent to 5 percent, the lower end of a forecast range given in February, Hewlett-Packard said yesterday. Chief Executive Officer Mark Hurd said he’s basing the forecast on the expectation that the economy won’t improve in coming months.

“I’m not ready to call it better,” he said on a conference call. “It’s roughly going to be the same the rest of the year.”

Hurd, who’s already trimmed jobs and slashed salaries at the company, will eliminate another 6,400 workers in the next 12 months as sales slump for PCs and printers. Hewlett-Packard’s services unit -- bolstered by the $13.2 billion acquisition of Electronic Data Systems Corp. last year -- is becoming “our largest profit driver today,” he said.
More info at Bloomberg.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2017 DM Media Group bvba