27 Thousand Employees In HP will lay off

Wednesday, May 23, 20120 comments

San Francisco - Hewlett Packard, a leading technology vendors from the United States plans to lay off 27 thousand employees, or 8% of all workers. Layoffs are done in order to a savings of USD 3.5 billion per year.

HP is still a world's largest PC manufacturer has also announced a financial report in which 31% profit decline in second quarter 2011, compared to the same period in 2011. HP profit of USD 1.59 billion of revenue amounting to USD 30.69 billion.

"The dismissal does have an impact on the lives of people, but in this case, it is very important for long-term health of the company," said HP chief executive, Meg Whitman.

Whitman explained a third of the employees laid off will be conducted in the United States. Quoted by Reuters on Thursday (05.24.2012), announcement of this efficiency makes HP's stock price rose 11%.

With the money earned savings of the employee efficiency, HP will be allocated to research and product development. Especially in the PC and printer. HP currently has about 300 ribukaryawan worldwide.
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