Cloud Computing: Hewlett Packard Slashes Jobs – Can Meg Whitman Save HP?
Can Meg Whitman save Hewlett Packard?
The former eBay executive who was hired as H-P chief last September announced the company would lay off about eight percent of its 300,000 workforce over the next two years, one of many changes that are coming to the troubled personal computer maker. Wall Street responded positively to the news, pushing H-P stock (HPQ) up more than five percent early Thursday morning.
The layoffs, which are expected to save H-P $3 billion to $3.5 billion annually, are just one phase of a restructuring designed to deemphasize the relatively low-margin PC and printer business and instead focus on the more promising cloud computing services…

