As the current Hewlett Packard management is proceeding with the company split into two divisions, a move started-and-stopped under the previous management, more jobs are getting cut as the company wants to ‘maximize the shareholder return’ and reduce glut which is somewhat inevitable in an organization that currently employs more than quarter of million people (September 2015: 302,000 employees worldwide). The company management lead by Margaret Cushing ‘Meg’ Whitman claims the latest round of cuts will reduce in a one-time charge of 2.7 billion USD, and produce annual savings in the same range. Two billion dollars are to be saved in the Enterprise division, while the ‘PCP’ division should save 700
Big Blue says layoffs will amount to thousands — not hundreds of thousands.
The third quarter of 2014 was bad for AMD (NYSE:AMD), but the company expects the worst is yet to come.
AMD is once again continuing on the company’s path of restructuring with another major reorganization of the company coming later this month.
As Microsoft (NASDAQ: MSFT) reaches the halfway point in its plan to cut 21,000 jobs, one of the victims of CEO Satya Nadella’s plan for a “leaner, smarter Microsoft” is the company’s esteemed Silicon Valley research group. According to reports — confirmed by tweets from the group’s employees — the 75-person lab will close and 50 positions will be eliminated. The remaining staff will be given the option to continue working for the company from Microsoft’s nearby Mountain View office. The focus of the lab prior to its close was distributed computing, and developing software to coordinate computing tasks across a network of machines. In