HP to Cut 9,000 Jobs and Take $1 Billion in Costs

[OhioChick]

Source: Bloomberg/BusinessWeek

June 01, 2010, 10:04 AM EDT

June 1 (Bloomberg) -- Hewlett-Packard Co., the world’s largest personal-computer maker, plans to cut 9,000 jobs and take a $1 billion restructuring charge as it beefs up its computer-services business to compete with International Business Machines Corp.

HP is taking the steps to modernize its data centers and provide more automated services to customers at a lower cost, it said today in a regulatory filing. The Palo Alto, California- based company plans to replace about 6,000 of the eliminated positions in various countries.

“These sets of actions will enable HP to grow better than the market,” Ann Livermore, executive vice-president for enterprise business, said today on a conference call. “This is a substantial opportunity for us and something that we think is a good opportunity for our clients as well.”

The job cuts come after Hewlett-Packard raised its 2010 forecast last month for the third time since November as results beat analysts’ estimates on a revival in business spending. The company is looking to expand into more profitable services after the recession crimped corporate budgets for computer equipment.



Read more: http://www.businessweek.com/news/2010-06-01/hp-to-cut-9-000-jobs-and-take-1-billion-in-costs-update2-.html

[SoapBox]

1. Too bad...

Maybe if good, old "fiscally responsible" Carly F. were
still there, she could lay claim to the job reductions.

OH...no wait...She is running here in CA on job creation?

Or was it to reduce state jobs? Or...

Oh ya, she's a RushTurdlican't, so we really don't know what she wants.

[rox63]

7. Plenty of people lost their jobs with HP when Carly was running the place

Just more of the same old s**t.

[notadmblnd]

11. I take it thy're going to eliminate positions in their data centers

those would be former EDS employees, no? My job left there in 2004 for India, my friend Kim was let go about a year ago when Chrysler didn't renew their contract. I know when I left and it was still EDS, their goal was to eliminate 10% of the work force annually. I don't imagine it's chanced since HP took over:shrug:

[superconnected]

2. They mean they're cutting 9000 jobs here and beefing up their over-seas service people who answer

the phones for technical questions.

[nichomachus]

3. They'll cut 9,000 good paying jobs with benefits

Then, when WalMart hires 9,000 cart wranglers and shelf-stockers at $8 an hour with no benefits, the administration statisticians will be out to tell us that we've "replaced all the jobs we lost."

[seabeckind]

4. Two questions

Are these modernized centers going to be in this country? Ya know, if they hired americans maybe more of us could buy their product.

Second question: I own a bit of their equipment. Will any streamlining involve removing some of the ghostware they have running in my machines?

Like WTF is a digital imaging monitor and why would I want it? And how can I get rid of it? BTW, the guy in India couldn't answer those questions either.

[NBachers]

5. "more automated services to customers at a lower cost"

"Please listen carefully, as our Gordian Knot voicemail system has changed."

[loudsue]

6. I bought HP for years & years. They were my "toyota".

Good quality that would last. Well, that was the old days. The last HP piece of equipment I bought was a print/fax/scan/copy job. What an inglorious piece of shit. Every time I print, it wakes up the neighbors. I live in the country. The closest neighbors are 1/4 mile away. The damned thing seldom works correctly. Hit print, and I might get a paragraph spread between three different sheets. Hit print a second time, and it works perfectly. It's always a surprise what is going to happen.

I am so sick of cheap shit, polluting the earth with things that cannot be recycled and is usually found poisoning some river in China, and all so that it can please some stockholders for the next quarter.

The whole structure of the markets and the corporations have to be reinvented for something more sane. Improperly regulated and managed corporations and markets are what is driving the world mad and off a cliff.

[daggahead]

9. Their laptops are junk. n/t

[daggahead]

8. OK, so it will lay off delivery staff so it can ...

"The company said it plans to replace two-thirds of those jobs, hiring 6,000 people to boost its global sales and delivery staff."

Gee ... I wonder where those 6000 new jobs will be located ...

[CatholicEdHead]

10. How many of these are former EDS employees?

before HP bought and renamed the company.

[clarence swinney]

12. Good Old HP

My computer

Need help

talk to excellent girl in Phillipines!
$1 per day???

[clarence swinney]

13. oUTSOURCING

HANESBRANDS HUGE NEW PLANT BUILT-FINANCED BY CHINESE
ALL US CLOSED. Winston Salem NC cries

[clarence swinney]

14. Whirlpool

1000 in Indiana to Mexico