Saturday, July 24, 2021

HP’s Whitman to Announce Restructuring Plan Wednesday; 30,000 Jobs Targeted

All Things D: Unnamed sources say that HP CEO Meg Whitman will announce a restructuring plan for the company–which will include significant layoffs–next Wednesday. Various news outlets are reporting different job reduction numbers. Sources told All Things D that the total would be about 30,000; Bloomberg says the total will be closer to 25,000. Others say the layoffs could affect 10 to 15 percent of HP’s 320,000 workers. Sources say that up to 5,000 job cuts could come as a result of employees opting to take early retirement packages.

Whitman is expected to announce that the job cuts are necessary so that the company can make needed investments.

Similar articles

Latest Articles

Data Science Market Trends...

When famed mathematician John W. Tukey postulated that advanced computing would have a profound effect on data analysis, he probably didn’t imagine the full...

Data Recovery Market Trends...

Data recovery is more important than ever in this era of constant cyber attacks and ransomware. The Verizon Data Breach Investigations Report (DBIR) looked...

Trends in Data Visualization

In a world of big data, visualization is becoming a key skill set that every business must master.  Digital technology has transformed the way businesses...

Microsoft Data Portfolio Review

With a host of analytics services for almost any situation, Microsoft Azure’s data services have got just about every base covered.   In the world...