Hewlett-Packard is to introduce several new storage, virtualization, PC, printing and services offerings in an effort to capture a larger share of the Small and Midsize Business (SMB) market.
The move comes as the company begins consultations on cutting nearly six thousand European jobs, including 850 in the UK and Germany.
Posts Tagged: job-cuts
EMC is laying off 2,400 workers in a bid to streamline operations in the face of economic recession.
The cuts represent about 7 per cent of its global 41,900 employee workforce.
Despite the move, EMC is expected to post record quarterly revenue growth that will meet fourth-quarter expectations.
Western Digital is to cut 2,500 jobs, or about 5 per cent of its global work force, and will reduce executive pay as a result of the global economic situation.
Citing weakening demand for its products, the hard drive maker the company now expects fiscal second-quarter sales of USD $1.7 billion to $1.8 billion, with a "consequent reduction in operating results."
SanDisk is about to announce job cuts of around 15 per cent of its staff – or between 450 to 500 employees.
Quoting unnamed industry sources, Engadget reported today that the job losses were to reduce costs following a USD $155 million Q3 loss and sales that have sunk by 21 per cent year-on-year to USD $281 million.