HP increased its planned job cuts to 4,500 to 5,000 employees by the end of fiscal 2019, or as many as 1,000 more than the company had estimated as part of a reorganization two years ago, according to Bloomberg.
The company will incur pretax restructuring charges of about $700 million for the job cuts, an increase from the original estimate of $500 million, HP said in a regulatory filing. During a conference call on May 29, executives had said they were expanding the job cuts that began in fiscal 2017, although they provided few specifics at the time. HP had 49,000 employees as of Oct. 31.
Under CEO Dion Weisler, HP has produced consistent growth in the midst of waning demand for PCs. The company has gained market share with more-desirable, higher-end computers, including gaming machines that can be more profitable. The printer business also helped power HP’s profit, as the company sells more-expensive devices to corporate clients after integrating Samsung’s unit. HP shares have gained 25 percent in the past 12 months.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
