Being hit by the tough global economy weather HP is soon going to lay off around 6.000 employees globally. Not able to generate adequate revenues to tame the current figure of professionals it has come to this strong decision. The layoff will happen over the next 12 months. The Chief Financial Officer Cathie Lesjak told in a press release that it has finally decided to reduce its headcounts by 2 per cent that is approximately 6,000 employees.
In the second fiscal quarter ending on 30th April the company’s earnings per share were $0.70. In addition to it the giant received a profit of US$ 1.7 billion. The spokesperson of the company also added that it looks forward to garner earnings ranging from $3.76 and &3.88 per share for fiscal 2009.
It is also reported that HP is undertaking a process to eliminate 24, 600 EDS jobs. It seems that the company is in wavering situation as it is not able to restore it vast network of employees. On the other hand, the selling of desktop personal computers has witnessed a downfall by 24 per cent and the sales of notebooks faced a downfall of 13 per cent. Moreover, the company’s revenue in its printer section was figured out to be down by 23 per cent.
In the second fiscal quarter ending on 30th April the company’s earnings per share were $0.70. In addition to it the giant received a profit of US$ 1.7 billion. The spokesperson of the company also added that it looks forward to garner earnings ranging from $3.76 and &3.88 per share for fiscal 2009.
It is also reported that HP is undertaking a process to eliminate 24, 600 EDS jobs. It seems that the company is in wavering situation as it is not able to restore it vast network of employees. On the other hand, the selling of desktop personal computers has witnessed a downfall by 24 per cent and the sales of notebooks faced a downfall of 13 per cent. Moreover, the company’s revenue in its printer section was figured out to be down by 23 per cent.
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