Deconfusinator: How HP Laying Off 9,000 Staff is Actually a Good Thing

hp-business

HP's just sent shivers through the tech media by announcing 9,000 layoffs in its IT servicing business. Aren't we just clear of the recession, and didn't HP just fork over lots of cash for smartphone maker Palm? Let's try to de-confuse this news. 

HP's layoffs are actually scheduled to take place over a couple of years, so it's not quite as harsh a move as it would appear right from the start. The job losses are also part of a bigger $1 billion "restructuring" package, so they're not...

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Published on June 01, 2010 11:40
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