Hewlett-Packard is planning to cut about 2,000 more jobs than it had previously announced, as CEO Meg Whitman tries to turn the company around.
Hewlett-Packard says it suffered an $8.9 billion loss during its most recent quarter as the technology company accounted for an acquisition that hasn’t panned out the way management envisioned.
Computer maker Hewlett-Packard said it has won a big victory in its court battle to force Oracle to continue making software for one of its server lines.
Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.
HP is the world’s No. 1 maker of personal computers. But consumers are buying fewer PCs in recent years as they increasingly turn their attention to tablets and smartphones.
Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Wednesday as she described operational challenges and other internal problems that contributed to a decline in earnings.
Hewlett-Packard Co. ushered in Meg Whitman as its CEO with a $16.5 million compensation package. It hinges on whether the former candidate for California governor can lift the stumbling technology company’s stock price during the next two years.
Patricia Dunn, the former Hewlett-Packard chairwoman who authorized a boardroom surveillance probe that ultimately sullied her remarkable rise from investment bank typist to the corporate upper class, has died. She was 58.
Hewlett-Packard said Monday that its net income plunged in the latest quarter as revenue declined in three of its main business lines.
Hewlett-Packard Co. said Thursday that it has decided against spinning off or selling its Personal Systems Group unit.