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DATE 2015-09-01

HANGOUT

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Key: Value:

Key: Value:

MESSAGE

DATE	2015-09-16
FROM	Ruben Safir
SUBJECT	Subject: [NYLXS - HANGOUT] what is going on with HP?
from todays Post Hewlett-Packard cutting 30,000 jobs in spinoff By Associated Press September 15, 2015 \| 6:33pm Modal Trigger Photo: AP MORE ON: hewlett-packard Carly Fiorina announces candidacy for president Hewlett Packard to pay $10.6M in 911 system dispute HP ready to pull the trigger on faster 3D printer HP's interim chairman quits board for health reasons SAN FRANCISCO — 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, California, 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. Even before the spinoff, 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 and other mobile devices reduced demand for many of its products.