Medical and Hospital News  
TRADE WARS
US tech giant Hewlett Packard plans up to 6,000 job cuts
by AFP Staff Writers
San Francisco (AFP) Nov 22, 2022

PC-maker Hewlett Packard on Tuesday said it would layoff as many as 6,000 employees over the next three years as the slumping world economy continues to embroil the US tech sector.

HP, which has a payroll of about 61,000 people, said it aimed to secure $1.4 billion in annual savings through 2025 as it followed the cost-cutting path of other tech giants such as Facebook-owner Meta, Amazon and Twitter.

The plan "will enable us to better serve our customers and drive long-term value creation by reducing our costs and reinvesting in key growth initiatives to position our business for the future," HP CEO Enrique Lores said in a statement.

Meta said earlier this month it will lay off more than 11,000 of its staff and Twitter saw half of its 7,500-strong employees culled just days after the company was taken over by billionaire Elon Musk in late October.

"These are the toughest decisions we have to make, because they impact colleagues we care deeply about. We are committed to treating people with care and respect..." an HP spokesperson said in an email to AFP.

HP, which makes computer hardware and printers, announced the layoff plan as it announced an 11.2 percent fall in revenues to $14.8 billion for the final fiscal quarter of 2022.

juj-arp/tjj

HEWLETT PACKARD

HP INC.

AMAZON.COM

Twitter


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Asian markets mixed as China Covid worries grow
Hong Kong (AFP) Nov 22, 2022
Growing fears about China's latest Covid-19 outbreak on Tuesday rattled investors, who fear authorities will revert to highly restrictive containment measures that have already dealt a chilling blow to the world's number two economy this year. After starting November with a rally thanks to easing inflation concerns and signs China was edging towards a looser approach to the disease, the optimism has been given a massive jolt since the country announced its first virus deaths in six months. Case ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
US presses China for debt relief in developing countries

UN, Red Cross pushes against explosives in populated areas

Amazon founder Bezos says will donate most of fortune to charity

Climate disaster aid scheme 'Global Shield' launched at COP27

TRADE WARS
Navigating the sea from space with innovative technologies

KKR leads Series B funding round in AI leader Advanced Navigation

BeiDou making mark among navigation systems

Next-gen space-based positioning tech planned

TRADE WARS
Wearing a mask can impact ability to recognize others, study says

Humanity hits the eight billion mark

Ancient statues uncovered in Italy could rewrite part of history

Planet Earth: 8 billion humans and dwindling resources

TRADE WARS
Battle to save ghostly Balkan lynx from extinction

Wildlife summit could upend Hong Kong's shark fin trade

Preserving animal habitat could prevent future pandemics, study says

Sharks, turtles, disease on agenda of wildlife trade summit

TRADE WARS
China records first Covid death since May

Chinese cities cancel mass Covid tests in easing of measures

Hundreds protest southern China Covid lockdowns

'Death every day': Fear and fortitude in Uganda's Ebola epicentre

TRADE WARS
Bao Tong, Chinese ex-official turned dissident, dead at 90

Beijing loyalists in Hong Kong criticise court ruling on Lai's UK lawyer

Hong Kong jails first person for insulting national anthem

CBC shuts down China bureau citing lack of visa

TRADE WARS
Troops deployed in Ecuador after spate of organized crime attacks

Mexican lawmakers approve keeping army on streets

Army taking on gangs in Colombia's biggest port

Iran navy says thwarted pirate attack on ship in Red Sea

TRADE WARS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.