Quote:The spinoff is scheduled to be completed by the end of next month, dooming 25,000 to 30,000 jobs within HP Enterprise.
The cuts expand upon austerity measures that HP has been pursuing for years to offset the damage caused by acquisitions that haven't panned out and a technological shift from PCs to mobile devices that reduced demand for many of the company's key products.
Despite the upheaval, HP remains one of the world's biggest technology companies. HP Enterprise expects to have more than $50 billion in annual revenue.
In essence, they already have $48 billion in revenue but are going to cut 30.000 MORE jobs to have $50 billion in revenue. (HP had already cut 50,000 jobs under Whitman and another 30,000 under Democratic candidate Carly Fiorina.
I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night