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Hewlett-Packard sees up to 30,000 job losses in split

dancingshoes

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Hewlett-Packard said on Tuesday its upcoming corporate split will lead to job losses of 25,000 to 30,000.

SAN FRANCISCO: Hewlett-Packard said on Tuesday (Sep 15) its upcoming corporate split will lead to job losses of 25,000 to 30,000.

The losses are seen as the US tech giant splits into two separate units, one with a focus on personal computers and printers, and the other on software and enterprise services.

The new enterprise unit is seeking some US$2 billion in annual cost reductions, according to the outlook provided to analysts, plus US$700 million in savings related to the spinoff.

"These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise," said Meg Whitman, the HP chairman and chief executive who will head the unit after the split.

"Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business," said Whitman.

"As a separate company, we are better positioned than ever to meet the evolving needs of our customers around the world."

The new company will focus on cloud computing, servers, storage, networking and other technology services, with the other unit HP Inc. keeping the personal computer and printer operations.

Hewlett Packard Enterprise will have more than US$50 billion in annual revenue and "will be focused on delivering unrivaled integrated technology solutions" to companies, according to a company statement.

The split, set to be completed by the end of the fiscal year in late October, will take place as a tax-free distribution of shares to HP's stockholders.

It breaks up a company formed in the 1930s by Stanford University graduates Bill Hewlett and Dave Packard to make electric equipment, and whose Palo Alto garage has been dubbed "the birthplace of Silicon Valley."

HP has been undergoing a massive reorganisation to cope with the move away from traditional personal computers to mobile devices.

The move by Hewlett-Packard, the world's second-largest PC maker and one of the biggest US tech firms, is the latest in the sector based on the belief that tightly focused firms perform better.

- AFP/de
 

Leongsam

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People still use printers???

I have not printed anything in the last year.
 

Think_PAP

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HUAT AH! 裁员滚滚!付东流 Massive Job Cuts everywhere now

http://www.washingtonpost.com/busin...22d978-5bd4-11e5-b38e-06883aacba64_story.html


HP spinoff to cut up to 30,000 jobs
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September 15 at 6:28 PM
TECHNOLOGY
HP spinoff to cut
up to 30,000 jobs

Hewlett-Packard says its upcoming spinoff of its technology divisions focused on software, consulting and data analysis will eliminate up to 30,000 jobs.

The cuts announced Tuesday will be within the newly formed Hewlett Packard Enterprise, which is splitting from the Palo Alto, Calif., company’s personal computer and printing operation. The split is scheduled to be completed by the end of next month.

HP Enterprises is trimming its payroll as part of an effort to reduce its expenses by $2 billion annually.

HP has been jettisoning tens of thousands of employees during the past few years to help boost its declining profits as a technological shift from personal computers to smartphones reduced demand for many of its products.

— Associated Press
LENDING
GE says it will move 500 jobs overseas

General Electric Co. may move about 500 U.S. jobs overseas because Congress did not renew a government program that allows foreign companies to borrow money to buy American products, the company said Tuesday.

Authorization for the U.S. Export Import Bank was not approved by Congress, forcing it to stop lending July 1. Foreign companies use the agency to buy expensive U.S. products when bank loans are not possible.

As a result, GE said, 100 jobs from a Houston plant that makes gas turbines will move to Hungary and China in 2016. The Fairfield, Conn., company said those countries have lending options in place for customers.

“We do not make today’s announcements lightly and in fact have done everything in our power to avoid making these moves at all, but Congress left us no choice when it failed to reauthorize the Ex-Im Bank this summer,” said John Rice, GE’s vice chairman.

An additional 400 jobs could be created in France instead of factories in South Carolina, Maine and New York if the company wins projects it is bidding on. The projects require financing, and the export credit agency in France has agreed to provide it. GE said it’s bidding on projects valued at $11 billion that require export financing. GE said it has reached an agreement with the French export credit agency to provide a line of credit for global power projects and that the line of credit will initially support potential orders in international markets that include Indonesia.

The Ex-Im Bank has been at the center of a fight between tea party Republicans who say it’s not needed and Democrats and some Republicans — backed by manufacturers and large businesses — who say it promotes trade and helps create jobs.

— Associated Press
Also in Business

● Retail sales in the United States climbed for a second straight month, a sign consumers may be looking past recent volatility in financial markets. The 0.2 percent increase in August followed a 0.7 percent gain in July that was larger than previously reported, Commerce Department figures showed Tuesday. Although confidence has taken a hit from stock-market turmoil and global-growth concerns, the data show households are putting savings from cheap energy to work.

● Factory production declined in August by the most since January 2014 as automakers scaled back after a surge the month before and a stronger dollar weighed on demand from overseas customers. The 0.5 percent decrease followed a revised 0.9 percent advance in the prior month, the Federal Reserve reported Tuesday. Excluding motor vehicles, factory production was unchanged. Total industrial output, which also includes mines and utilities, fell 0.4 percent after a 0.9 percent gain. Tepid economies abroad, elevated inventories in the United States and an appreciating dollar signal limited order growth for domestic producers.

● Taco Bell will open a location that serves wine, beer, sangria and frozen mixed drinks in Chicago next week, marking the first time the chain will serve alcohol in the United States. The new restaurant will also feature trends the chain says it is seeing among millennials: a menu of “tapas-style” appetizers, a mural by a local artist and an open kitchen. A similar location will open in San Francisco this month. The company is calling restaurants that serve alcohol “Taco Bell Cantina.” Aside from the alcohol and group appetizers, Taco Bell said the menu and food preparation will be the same as regular locations.

● Twitter said Tuesday that it had partnered with mobile payments company Square to enable anyone in the United States to make an online donation to a political candidate through a tweet.

Candidates seeking the Republican and Democratic party nominations to run in the November 2016 presidential election can register with Square to enable links they can tweet to request donations from supporters.

— From news services
Coming Today

● 8:30 a.m.: Labor Department releases Consumer Price Index for August.

● 10 a.m.: National Association of Home Builders releases housing market index for September.

● Earnings: FedEx

— From news services
AUTOMOTIVE
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
i know you use fax.

I don't have a fax machine or fax software. All documents, invoices etc created and signed in PDF format and delivered electronically.

Same applies to everything I receive. It arrives as a PDF file and is filed electronically. Stuff that arrives via snail mail is scanned and turned into a PDF document.
 

dancingshoes

Alfrescian
Loyal
I don't have a fax machine or fax software. All documents, invoices etc created and signed in PDF format and delivered electronically.

Same applies to everything I receive. It arrives as a PDF file and is filed electronically. Stuff that arrives via snail mail is scanned and turned into a PDF document.

you trust the digital signature in adobe acrobat? i dun, i'd rather print,sign and scan again for documents that require my signature.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
you trust the digital signature in adobe acrobat? i dun, i'd rather print,sign and scan again for documents that require my signature.

A signature is a mere formality in this day and age. In most cases the monetary transaction has already taken place. The paperwork is just a follow up.

For documents where security is paramount, a PGP signature is added.
 

dancingshoes

Alfrescian
Loyal
A signature is a mere formality in this day and age. In most cases the monetary transaction has already taken place. The paperwork is just a follow up.

For documents where security is paramount, a PGP signature is added.

your PGP is nothing but an outdated tool:

So now that we know n reasons not to use e-mail and PGP, let's first acknowledge that there is no obvious alternative. Electronic privacy is a crime zone with blood freshly spilled all over. None of the existing tools are fully good enough. We have to get used to the fact that relevant new tools will come out all the time, and you will want to switch to a new software twice a year. Mallory has an interest in making us believe encryption isn't going to work anyway – but internal data leaked by Mr Snowden confirms that encryption actually works. We should just care to use it the best way.

Thank you, PGP.

Thank you Mr Zimmermann for bringing encryption technology to the simple people, back in 1991. It has been an invaluable tool for twenty years, we will never forget. But it is overdue to move on.

http://secushare.org/PGP
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
your PGP is nothing but an outdated tool:

You're obviously paranoid. Of course nothing is full proof but that does not mean you don't lock your car when you park it.

PGP is used when someone sends sensitive passwords via email for example. Can it be cracked? Of course it can but then the password is changed monthly by default.

Your snail mail box can be cracked too.
 

dancingshoes

Alfrescian
Loyal
You're obviously paranoid. Of course nothing is full proof but that does not mean you don't lock your car when you park it.

PGP is used when someone sends sensitive passwords via email for example. Can it be cracked? Of course it can but then the password is changed monthly by default.

Your snail mail box can be cracked too.

if the pgp cracking tool is readily available on the internet, i will think twice using it.
 

Hans168

Alfrescian
Loyal
Hewlett-Packard said on Tuesday its upcoming corporate split will lead to job losses of 25,000 to 30,000.

SAN FRANCISCO: Hewlett-Packard said on Tuesday (Sep 15) its upcoming corporate split will lead to job losses of 25,000 to 30,000.

The losses are seen as the US tech giant splits into two separate units, one with a focus on personal computers and printers, and the other on software and enterprise services.

The new enterprise unit is seeking some US$2 billion in annual cost reductions, according to the outlook provided to analysts, plus US$700 million in savings related to the spinoff.

"These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise," said Meg Whitman, the HP chairman and chief executive who will head the unit after the split.

"Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business," said Whitman.

"As a separate company, we are better positioned than ever to meet the evolving needs of our customers around the world."

The new company will focus on cloud computing, servers, storage, networking and other technology services, with the other unit HP Inc. keeping the personal computer and printer operations.

Hewlett Packard Enterprise will have more than US$50 billion in annual revenue and "will be focused on delivering unrivaled integrated technology solutions" to companies, according to a company statement.

The split, set to be completed by the end of the fiscal year in late October, will take place as a tax-free distribution of shares to HP's stockholders.

It breaks up a company formed in the 1930s by Stanford University graduates Bill Hewlett and Dave Packard to make electric equipment, and whose Palo Alto garage has been dubbed "the birthplace of Silicon Valley."

HP has been undergoing a massive reorganisation to cope with the move away from traditional personal computers to mobile devices.

The move by Hewlett-Packard, the world's second-largest PC maker and one of the biggest US tech firms, is the latest in the sector based on the belief that tightly focused firms perform better.

- AFP/de

One having printer biz will boom........... that with software will be messed up by Ah Nehs & die miserably!!!!!!!!!
 

xpo2015

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Loyal
HP cutting 30,000 jobs!

Why Hewlett Packard is cutting 30,000 jobs

Christian Science Monitor | All StoriesToday, 2:50 AM
Silicon Valley pioneer Hewlett-Packard Co. is gearing up to cut another 30,000 jobs or about 10 percent of its work force, the company said Tuesday.
 

da dick

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good for us. HP always made PCs that were good value for money. if they gave up on it, low spec and mid ranged PCs will probably become a lot more expense.
 

Sperminator

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HP is focused on the desktop, laptop, servers, printer business.

with the introduction of smartphones, pads, notes, type of product, it's eating a lot of the desktop, laptop, printer business... thus, the retrenchment, it's just a matter of time.

during the years, when I was moving around HuaQiangBei Electronics Heaven for Shenzhen, I noticed that the computer/printer/servers/accessories section is, and now still is, very quiet, compared with the phones, smartphones, pads, notes, section...

While I was in Xiamen, it's a factory base for DELL, and I noticed the same trend as well... very quiet in the computer/printer/servers/accessories section, but still okay at the phones,smartphones,pads,notes, section.

HP's Smartphones and iPAQ Handheld Computers, SUCKS!!! and they are so far back in terms of design and user interface!

They better concentrate on 3D Printers, High End Desktop Computers, High End Laptops, Servers Solutions, Cloud Services... and better match their Smartphones / Pads to the end user preference quickly...

Honestly I am puzzled why HP spin off their Test Solutions Sector to become AGILENT back in 2000... the Manufacturing Test Solutions Group of HP is the dominant player, and AGILENT makes one of the best (but expensive) test solutions to manufacturers.
 
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