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HP plans to lay off up to 30 thousand employees in the enterprise sector due to declining demand
HP said the company, which are divided into two companies listed for later this year, said Tuesday it expects to lay off 25,000 to 30,000 other employees in the enterprise sector, and in an attempt to cope with falling demand.
And will be the last demobilization process, which preceded the demobilization of 55,000 employees announced under the head of the company’s Executive Meg Whitman administration, in gear and operations services sector the fastest-growing, which will secede under the name “Hewlett-Packard Enterprise” Hewlett Packard Enterprise, or “HPA” HPE in the first From November next.
According to the latest demobilization process, which the company said it will be global, to HP to reduce its total workforce by at least 10%, and that the latest figures the number of company employees estimated at more than 300,000 employees by 31 October / October 2014 basis, and reflect Previous demobilization process, which affected 55,000 employees.
After the company split into two companies, the other company, which will keep the name “HP” will take over the responsibility of business personal computers and printers hit hard by the sharp drop in personal computer hardware sales.
HP said that the reduction of the workforce, which aims to provide $ 2.7 billion a year, would lead to a loss of about $ 2.7 billion as of the fourth quarter. This, job cuts have become a way to revitalize the company in recent years, as it offset a series of acquisitions that failed to revive its fortunes.
The company said it transported more employees to lower-cost locations as part of its efforts to reduce costs. In fiscal year 2013, HP reported that 36% of the employees in the unit Project Services worked with low-sites called cost, and this year the proportion rose to 42% with a plan to raise it to 60% by 2018, according to company officials.
In the third fiscal quarter, which ended on July 31 last, HP revenue decreased from personal computers and printers sector, which is the largest, by 11.5%. In units that will comprise the “HPA” company, which would be managed Whitman, Project Services sales fell by 11%, while revenue Enterprise Group rose 2%.
She said HP on Tuesday that earnings “HPA” company will increase to $ 50 billion, and it expects to record an average profit of about $ 1.85 to $ 1.95 per share in 2016. As HP expects that the company recorded cash flow freely up for 2 to 2.2 billion dollars next year.Viewing:-171
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