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  (Source: Bloomberg)
The previous forecast was 27,000

Hewlett-Packard (HP) upped its number of job cuts to 29,000 globally -- 2,000 more than the computer maker previously forecasted.

Back in May, HP predicted that it would cut 27,000 jobs around the world in its new restructuring plan dubbed the "2012 Plan." Now, HP has adjusted that figure and plans to cut 29,000 jobs.

The latest figure was reported in HP's 10-Q quarterly filing with the U.S. Securities and Exchange Commission (SEC). HP plans on saving $3 to $3.5 billion by eliminating these jobs, which it will put toward Research and Development (R&D). As of July 2012, HP had already cut 3,800 jobs.

The filing noted that HP predicts charges of about $3.7 billion through the end of fiscal year 2014. About $3.3 billion of this will be the job cuts while another $400 million will be related to other areas like data center consolidation.

HP has had a pretty terrible time as of late. It had a terrible experience with former CEO Leo Apotheker, who was appointed in October 2010. Apotheker led the company to several missed financial goals and even tried to sell HP's core personal computer business.

HP then killed off its webOS mobile operating system and its TouchPad tablets last year due to overproduction, sloppy execution and slow hardware releases.

Just last month, HP suffered an $8.9 billion USD loss. However, analysts were impressed by the new restructuring plan by new CEO Meg Whitman.


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RE: HP's new iMac must have been a flop
By anactoraaron on 9/11/2012 10:41:44 AM , Rating: 2
Actually Tony may be on to something here... I think some of HP's losses stem from all of their printers/etc. supporting a platform used by ~5% of all people... They spend money to test products/compatibility/drivers for that platform that nearly no one will buy said products for... Maybe HP should just drop support for Apple OSX... it would save some money. Or perhaps that is where the majority job cuts will come from... HP's Apple support sector.


By retrospooty on 9/11/2012 11:31:06 AM , Rating: 3
Well, agreed that was dumb... But that was only one of many dumb things.


RE: HP's new iMac must have been a flop
By drycrust3 on 9/11/2012 12:27:10 PM , Rating: 2
If they don't support Mac's, then they definitely won't support Linux distributions, which covers about 1% of users, although you might be able to argue that the majority of servers use a Linux distribution.
Anyway, I think laying off staff is more likely to increase losses than to reduce them. I think the problems start in the board room, and if the board believes it should lay off staff then they should cull some of their own positions too.
My guess is the shareholders won't be able to table questions at the next shareholders meeting.


RE: HP's new iMac must have been a flop
By Tony Swash on 9/11/12, Rating: 0
RE: HP's new iMac must have been a flop
By retrospooty on 9/11/2012 1:44:19 PM , Rating: 2
Oh Apple, Apple, where for art though Apple. What light through yonder window breaks, it is Apple.

I just love Apple so much, I... I... I just cant stand it any more!


RE: HP's new iMac must have been a flop
By Samus on 9/11/2012 1:53:25 PM , Rating: 2
Man Tony, you must have it pretty sweet financially, because last I checked the cheapest Apple PC is $1000 bucks and the cheapest Windows PC is somewhere around $300.

Not everyone can afford the Apple lifestyle.


RE: HP's new iMac must have been a flop
By Tony Swash on 9/11/2012 2:10:38 PM , Rating: 1
Fine - PC OEMs make really cheap PCs - shoddy but cheap. That's OK. But why oh why can't they be more original and just plain better at design? Why is PC culture philistine culture? As an outsider it mystifies me, why don't you guys rise up and demand better stuff? Why settle for third rate design and second rate knock-offs? I suppose if you guys keep eating it the OEMs will keep shovelling it.


By Ringold on 9/11/2012 2:42:10 PM , Rating: 2
To be fair Tony (and I do think you have a point), I think people ARE rising up against the PC OEMs.

They're rising up and buying Apple, according to sales! Not necessarily Apple laptops and desktops, as people already have desktops that are "good enough" for them for now, but they've been buying iPad's like crazy. Might translate to more computer sales down the road.

I'm also that rare troll that objectively can look at the pictures and see plain as day that Samsung was ripping off Apple as best it could in the interface area. PC OEMs have tried the same. Apple's been ahead in more then just design, too; they've been pushing the envelope in displays too. MS and Intel have both been quietly trying to say the same thing you have for many years; look at MS's attempt (Signature, is it?) to remove crapware from new PCs.


RE: HP's new iMac must have been a flop
By retrospooty on 9/11/2012 3:53:47 PM , Rating: 2
"Fine - PC OEMs make really cheap PCs - shoddy but cheap. That's OK. But why oh why can't they be more original and just plain better at design? Why is PC culture philistine culture? As an outsider it mystifies me, why don't you guys rise up and demand better stuff?"

Actually, in the real world, the top quality computer manufacturer, laptop and desktop is Lenovo, 2nd Asus, 3rd Apple. This is regarding failure rates. Lenovo is by far the best in the business.

Yes, there are cheap models out there. Not everyone needs a high end pc to log in a few times a week to check email. Any 5 year old PC or bottom of the line new one will do that just fine.

I know you dont understand it but you can get anything from a high end powerhouse that will smoke any Mac to bits, to a $300 useable PC, to a self built masterpiece. Its called options, and its a good thing.


By KamiXkaze on 9/11/2012 7:16:36 PM , Rating: 2
PC buyer's has one thing Apple don't have options. Which is why HP is having problems. PC buyers could either buy from OEMs or build there own. In Apple case what you see is what you get.

kXk


By FITCamaro on 9/11/2012 2:34:42 PM , Rating: 2
You mean, at least with their laptops, how Apple is largely copying the designs of Sony machines from 10 years ago. Sony built slim, light machines a decade before Apple ever did with a wedge shape design. They just weren't as thin and light due to technology.

But hey Apple invented it and deserved a patent on the shape of the Macbook Air.


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