HP’s Whitman on PC Decline and Job Cuts
May 23, 2014
Grazed from NYTimes. Author: Editorial Staff.
Hewlett-Packard, until recently the world’s largest technology company in terms of revenue, released tepid quarterly results on Thursday. They showed a once industry-leading computer maker continuing to limp along in a world increasingly defined by smartphones and cloud computing.
Over all, the company reported revenue of $27.3 billion, down slightly from a year earlier, though net earnings of $1.3 billion were up from $1.1 billion. The earnings met the expectations of analysts, who appeared to anticipate a spotty performance from the company, which also said it would be cutting thousands of jobs in the near term…
Meg Whitman, the company’s chief executive, took to CNBC on Friday morning to discuss the company’s prospects, noting how it needs to be leaner and more efficient in light of increasing competition from industry stalwarts and an increasing array of upstarts…
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