Hewlett Packard, CEO, may announce a major layoff with next Wednesday's earnings call when she also details a company restructuring plan. Whitman could eliminate 30,000 workers out of a total of 325,000 or 9% of the workforce. Whitman is repositioning the company away from PCs as smartphones and tablets displace desktop computers. HP may add …
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Teledyne Technologies is closing its airplane engine overhaul facility at Mattituck Airbase on June 15, a decision that will put about 20 people out of work. Facility director Michael Gifford said he delivered the news to employees last Thursday after three to four “very difficult” years in the general aviation business proved poisonous for the [...]
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Computerworld - The last time Hewlett-Packard Co. announced a layoff of 25,000 people, it was on the same day that Lehman Brothers collapsed and the stock market nose-dived. That was in September 2008.
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Massive layoffs — potentially amounting to more than 30,000 employees — could be coming soon at Silicon Valley tech-giant Hewlett Packard, according to some analysts and published reports.
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