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 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.
Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.
Republican presidential frontrunner Mitt Romney spent a second day in California Tuesday, raising money in Stockton and Los Angeles ahead of an appearance on the Tonight Show.
The Mitt Romney campaign was gearing up to shake the Bay Area money tree for more donations next Monday when it suddenly found itself trying to erase the Etch-a-Sketch gaffe.
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.
Hewlett-Packard Co. said Thursday that it has decided against spinning off or selling its Personal Systems Group unit.
The Hewlett-Packard Co. board of directors ousted CEO Leo Apotheker on Thursday and replaced him with former eBay CEO Meg Whitman.
Hewlett-Packard has become the poster child for ensuring that failure only has consequences for subordinates, never for higher-ups.