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  • Hewlett Packard now: $2 Billion Qtr. Loss, more layoffs

    10/06/2002 9:02:02 AM PDT · by Jack Black · 41 replies · 980+ views
    Yahoo tech line ^ | 10/3/2002 | MATTHEW FORDAHL, AP Technology Writer
    Associated Press HP to Cut Additional 1,800 Jobs Citing Continued Weak Demand, Hewlett-Packard Co. Will Cut 1,800 Jobs Beyond the 15,000 Planned Wednesday September 25, 9:55 pm ET By MATTHEW FORDAHL, AP Technology Writer SAN JOSE, Calif. (AP) -- Citing continued weak demand, Hewlett-Packard Co. said Wednesday it will cut 1,800 jobs beyond the 15,000 reductions planned as part of its Compaq Computer Corp. acquisition. In a note sent to employees Tuesday, the company blamed the latest reductions on a "continued market slowdown and HP's clear intent to have a competitive, world-class cost structure." As of the third quarter, which...