Story image

HP making NZ job cuts?

29 Aug 12

Hewlett-Packard is rumoured to have begun laying off staff in New Zealand, according to IT website Computer World.

The computer manufacturer announced plans to cut 27,000 jobs, equating to 8% of its workforce, over the next 18 months in May this year, and is believed to have begun the process in New Zealand with Computer world reporting six sales staff have been made redundant locally.

HP are alleged to have offering redundancy to an unspecificed number of others, including long-serving employees with around 35 job losses expected in the coming weeks.

The news follows the company losses of US$8.9bn last week, showing a decline in revenue by 5%, falling to $29.7bn year-over-year.

The setback and subsequent job losses has not surprised the industry however, with the company previously disclosing plans to take an $8bn charge to reflect the diminishing value of Electronic Data Systems, the technology consulting service it paid $13bn for in 2008.

"HP is still in the early stages of a multi-year turnaround, and we're making decent progress despite the headwinds," said Meg Whitman last week, HP president and CEO.

"During the quarter we took important steps to focus on strategic priorities, manage costs, drive needed organisational change, and improve the balance sheet. We continue to deliver on what we say we will do."

Hewlett-Packard did not make a statement, refusing to comment on speculation.

Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Forcepoint and Chillisoft - “a powerful combination”
Following Chillisoft’s portfolio expansion by signing on Forcepoint, the companies’ execs explain how this is a match made in cybersecurity heaven.
David Hickling in memoriam: “Celebrate the life and the music it made”
Dave was a well-respected presence in the IT channel and his recent death was felt by all the many people who knew him as a colleague and a friend.