HP is next to downsize

  • Thread starter Thread starter Arthur Entlich
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Arthur Entlich

HP has announced it will be letting go of about 6000 employees over the
next year, due to declining sales and revenues. They recently purchased
a service business which has grown by almost 100%, helping to keep their
income up, but sales on desktop computers and printers are down nearly
25% each.

To put this into perspective, 6000 employees is only about 2% of their
worldwide staff, so they are doing better than many.

Art
 
Arthur Entlich said:
HP has announced it will be letting go of about 6000 employees over the
next year, due to declining sales and revenues. They recently purchased a
service business which has grown by almost 100%, helping to keep their
income up, but sales on desktop computers and printers are down nearly 25%
each.

To put this into perspective, 6000 employees is only about 2% of their
worldwide staff, so they are doing better than many.

Art


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Click to expand...

I read a recent article about HP profits - that their income from ink sales
has declined substantially.
 
Burt said:
I read a recent article about HP profits - that their income from ink sales
has declined substantially.
Click to expand...

Fascinating. So the idea of offering consumers lower and lower value
(smaller cartridges that cost less in total but more in cost per page)
for their dollars results in lower income?

Who'da thunk it?

TJ
 
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