But but..I am told there is a shortage of STEM workers and we need to imports millions from overseas.
This is the kind of story which, when heavily circulated by the mainstream press, is gonna get a Fake White Indian elected as your next POTUS.
Think of from top managment’s point of view. Nobody should have to get by with just 3 vacation homes.
This is because HP is getting out of the hardware business as much as possible and becoming more a computer services company. In effect, that’s what IBM has become—one of the world’s largest computer services companies, using IBM mainframe hardware to running the latest version of Red Hat Linux server editions to do large scale computations, large scale server storage and “cloud computing.” Indeed, many corporate web sites are hosted with the help of IBM.
HP is an old, mature tech company. It looks like it might go the way of Kodak..remember them?
How many of those 58,000 in 2015 will be U.S. workers?
If the shares drop by 7%, the shareholders are not richer.
Flash is spinning in his grave.....
This Is Why Hewlett-Packard Is Firing 58,000
Sorry, I just bought a Asus desktop computer
Can summon please post an actual link to the HP 58,000 more layoffs in 2015.
As far as I can see Zero Hedge is the only one claiming this. All other report link to them, I can not find this number reported anywhere else.
So, gut their American operations, loot what they can, then become a foreign company employing a few token Americans for consulting work.
Nobody wants to be the last man left in a ghost town.
“The biggest scandal was the company announced that having cut 44,000 workers so far, it will cut 58,000 jobs by the end of 2015. From Bloomberg:”
My understanding from the call yesterday was that hp has cut 44,000 since 2012 and will cut until the number has reached that higher number, so a delta of 14,000 to go, not an additional 58,000. Anybody know different?
Does HP even have American workers these days?
The bigger scandal is that an index with barely any earnings is reaching 5000 again. Oh and that HP is a viable company considering the pure crap it produces.
Death to them. My HP printer sucks, constantly dropping wireless connection - the software solutions on HP’s website are horrid, and, worst of all, the printer won’t accept refilled cartridges.