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HP to cut 27,000 jobs
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<blockquote data-quote="texan" data-source="post: 975071" data-attributes="member: 38206"><p><strong>Not good news, no matter what "investors" think.</strong></p><p><strong></strong></p><p><strong>The company expects the layoffs, which amount to 8% of its worldwide workforce, to save $3 billion</strong></p><p> <strong>to $3.5 billion by the end of 2014. The majority of those savings will be reinvested in research and</strong></p><p> <strong>development, HP said.</strong></p><p><strong></strong></p><p><strong><span style="font-size: 15px"><span style="font-family: 'arial black'">Shares of HP (<a href="http://money.cnn.com/quote/quote.html?symb=HPQ&source=story_quote_link" target="_blank">HPQ</a>, <a href="http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/206.html?source=story_f500_link" target="_blank">Fortune 500</a>) jumped by nearly 11% in after-hours trading as investors cheered the company's restructuring efforts and positive outlook.</span></span></strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="texan, post: 975071, member: 38206"] [B]Not good news, no matter what "investors" think. The company expects the layoffs, which amount to 8% of its worldwide workforce, to save $3 billion to $3.5 billion by the end of 2014. The majority of those savings will be reinvested in research and development, HP said. [SIZE=4][FONT=arial black]Shares of HP ([URL="http://money.cnn.com/quote/quote.html?symb=HPQ&source=story_quote_link"]HPQ[/URL], [URL="http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/206.html?source=story_f500_link"]Fortune 500[/URL]) jumped by nearly 11% in after-hours trading as investors cheered the company's restructuring efforts and positive outlook.[/FONT][/SIZE] [/B] [/QUOTE]
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