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Latest News

Hewlett Packard to shed 3,000 jobs

by Personnel Today 19 Apr 2001
by Personnel Today 19 Apr 2001

Computer giant Hewlett-Packard is to cut 3,000 jobs due to the
US consumer and commercial downturn.

The firm also warned that its profits would be between two
per cent and four per cent lower than expected in the three months to April 30.

Carly Fiorina, Hewlett Packard’s chief executive officer,
commented, “At this time it is quite clear that the US downturn in the consumer
market is now spreading to other regions, notably Europe.

“Recent European PC market data suggests the European
slowdown is beginning to mirror the pattern we saw in the US – growing softness
in the retail sector and increasingly competitive pricing moves followed by a
more subtle but just as meaningful slowdown in the enterprise space.”

Fiorina said the job losses would be among management positions
but did not announce where or when the job cuts will happen.

www.hewlettpackard.com

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Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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