Friday, May 30, 2014

HP Not a Sign of a Healthy Economy

"HP to cut 11,000 to 16,000 more jobs" Associated Press   May 23, 2014

PALO ALTO, Calif. — Hewlett-Packard Co. said Thursday that it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectations.

The company said in a release that the increased cuts come ‘‘as HP continues to reengineer the workforce to be more competitive and meet its objectives.’’

Is that the euphemi$m they are using these days?


HP’s chief executive, Meg Whitman, said in a statement that the company’s turnaround ‘‘remains on track.’’

The company also reported that net income in the three-month period ended April 30 rose 18 percent to $1.27 billion.... 

Imagine the job cuts were they losing money, huh? 

$1.27 BILLION PROFIT in three months?

Personal computer sales — HP’s largest source of revenue — rose 7 percent to $8.2 billion as buoyant sales to businesses offset a slight consumer decline. Firms like Microsoft Corp. have shown a similar uptick as corporate clients upgrade computers due to the end of support for the 13-year-old Windows XP operating system.

In other words, it's forced economic activity and only at the corporate level. 

Well, that's the AmeriKan economy in the early 21st-century.


Also see: HP Bribery 

That al$o comes with it.