Days after several financial analysts stated that Hewlett-Packard had outperformed expectations and gave it positive marks, the company said it expects to make job cuts in the first half of 2005 that will cost $200 million, or 4 cents a share. The cuts will come after the company hired 4,000 people in the quarter ending Oct. 31. HP employees about 150,000 workers, but there was no word on how many jobs would go.
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HP Reveals Job Cut Plans in SEC Filing
Posted by: Susan B. Shor November 23, 2004 11:10 AMDays after several financial analysts stated that Hewlett-Packard had outperformed expectations and gave it positive marks, the company said it expects to make job cuts in the first half of 2005 that will cost $200 million, or 4 cents a share. The cuts will come after the company hired 4,000 people in the quarter ending Oct. 31. HP employees about 150,000 workers, but there was no word on how many jobs would go.