Welcome to LG webOS - Smart TV, Phone, Signage, Appliance User to User Support Forum

Register now to gain access to our webOS user support forum. Once registered and logged in, you will be able to post a user to user support request topic to this site or reply to existing topics posted by other users. You can also take part in our other webOS user forums. You'll be able to customize your profile, receive reputation points, while also communicating with other members via your own private inbox, plus much more!

This message will be removed once you have signed in.

Sign in to follow this  
Followers 0
NewsDummy

PreCentral: HP ups layoffs count by two thousand; 29,000 positions gone by 2014

1 post in this topic

HP ups layoffs count by two thousand; 29,000 positions gone by 2014

In HP's seemingly unending quest to quell the bleeding, the company's employees have been in the firing line since May. Back then, CEO Meg Whitman announced that HP was looking to cut its 300,000-man workforce by 27,000. Today brought the news that another 2,000 positions are on the chopping block, as per a 10-K filing HP sent to the SEC. The new 29,000 total reduction count will reduce HP's workforce by over eight percent.

HP hopes that a portion of those employees will leave HP as part of a "voluntary enhanced early retirement" program in the U.S. Given the current economic and jobs climate, getting enough workers to voluntarily depart HP (even in spite of HP's ongoing issues) and lose their benefits like healthcare coverage to make a dent in the expected layoff count has and will continue to be an ongoing hurdle.

The restructuring plan and accompanying workforce reductions are expected to result in a total of $3.3 billion in accounting charges resulting from costs relating to the early retirement and severance packages from the layoffs. An additional $400 million in restructuring costs will come from consolidations in HP's real estate assets and data centers.

mf.gif
emailthis2.gif bookmark.gif


a2.imga2t.imgQDw_ikBglko

View the full article

Share this post


Link to post
Share on other sites
  •  Like what you are reading? Please help us by sharing this content.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  •  Like what you are reading? Please help us by sharing this content.