While Facebook employees are celebrating, workers at
beleaguered Hewlett-Packard (HPQ) are wondering whether or not they'll still
have a job a few weeks from now. The Palo Alto, Calif.-based tech behemoth is
said to be considering cutting upwards of 25,000 jobs, as reported by Bloomberg
on Thursday.
The layoffs could be announced next Wednesday, when HP
reports quarterly results. Either way, investors will be looking for more
information on new CEO Meg Whitman's restructuring plans. Whitman is in the
unenviable position of trying to turn HP around. But while cuts may be
necessary, in the long run they won't do much to curtail HP's declining
revenues.
HP needs a bold makeover, and perhaps even deeper cuts than
the 25,000 layoffs it is reportedly considering (the company has 349,600
employees worldwide). But it just can't decide what it wants to be….
Read all about it at http://tech.fortune.cnn.com/2012/05/18/hp/?iid=EL
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