HP is next to downsize

[Arthur Entlich]

HP has announced it will be letting go of about 6000 employees over the
next year, due to declining sales and revenues. They recently purchased
a service business which has grown by almost 100%, helping to keep their
income up, but sales on desktop computers and printers are down nearly
25% each.

To put this into perspective, 6000 employees is only about 2% of their
worldwide staff, so they are doing better than many.

Art

 

[Burt]

HP has announced it will be letting go of about 6000 employees over the
next year, due to declining sales and revenues. They recently purchased a
service business which has grown by almost 100%, helping to keep their
income up, but sales on desktop computers and printers are down nearly 25%
each.

To put this into perspective, 6000 employees is only about 2% of their
worldwide staff, so they are doing better than many.

Art


--
If you are interested in issues surrounding e-waste,
I invite you to enter the discussion at my blog:

http://e-trashtalk.spaces.live.com/

I read a recent article about HP profits - that their income from ink sales
has declined substantially.

 

[Andrew Hamilton]

Arthur Entlich wrote:

There was a time when working for HP was a real privilege. Employees
were considered an asset. Those days are long gone and now employees

Those days were over after Carly Fiorini took over.

-AH

 

[Arthur Entlich]

This quote has been in part mis-attributed to me.

I believe it is Mickey who made this statement.

Art

If you are interested in issues surrounding e-waste,
I invite you to enter the discussion at my blog:

http://e-trashtalk.spaces.live.com/

 

[TJ]

I read a recent article about HP profits - that their income from ink sales
has declined substantially.

Fascinating. So the idea of offering consumers lower and lower value
(smaller cartridges that cost less in total but more in cost per page)
for their dollars results in lower income?

Who'da thunk it?

TJ