Cuts 25-30,000 jobs
The company announces plans to cut another 25,000 to 30,000 jobs, in line with the company’s objective to split into two separate companies. One company will focus on hyper-growth businesses like cloud technology and cyber security, while the other will sell slower-growth products such as PCs and printers. Since being hired to run the company, CEO Whitman has cut about 55,000 jobs. prior to this latest announcement. Whitman:
[The latest job cuts will] enable a more competitive, sustainable cost structure. These final actions will eliminate the need for any future corporate restructuring.
HP Slatebook 14
HP announces the Slatebook 14, its first laptop to run on Android. The device features a touchscreen, 64 gigabytes of internal storage, 2 gigabytes of RAM, and a Nvidia Tegra 4 processor. It also has two USB ports and a HDMI port.
Forced to resign
Hewlett-Packard board forces Fiorina to resign.
While I regret the board and I have differences about how to execute HP’s strategy, I respect their decision.