Recharger : HP’s Whitman Confirms 27,000 Layoffs

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5/24/2012
Sponsors LMI Solutions HP LASERJET PRO 300 / 400 COLOR COMPONENTS AT UNINET HP’s Whitman Confirms 27,000 Layoffs During HP’s 2Q12 Earnings Conference Call held on May 23, 2012, Meg Whitman, HP president and CEO, confirmed rumors that the company will be restructuring, cutting 27,000 jobs through layoffs and a voluntary retirement program by the end of fiscal year 2014. “This restructuring is expected to generate run rate costs savings of approximately $3 to $3.5 billion (by the end of) fiscal year 2014,” Whitman said. “Our goal is simple: a better outcome for the customers at reduced costs for HP.” HP also announced financial results for its second fiscal quarter ended April 30, 2012: Net revenue of $30.7 billion was down 3 percent year over year both as reported and when adjusted for the effects of currency. “This quarter we exceeded our previously provided outlook and are executing against our strategy,” Whitman reported, “but we still have a lot of work to do.” More Konica Minolta to Buy FedEx Kinko’s Japan Konica Minolta has agreed to buy the Japanese operations of Kinko’s from FedEx Corp, Reuters reported. The company will acquire the 49 Kinko’s Japan stores in and around Tokyo, Nagoya and Osaka as well as the six printing centers in other locations for 8 billion yen (USD100.57 million). “Konica Minolta expects the deal to increase its expertise in printing services and expand its business services using large digital commercial printing presses. … It also expects to boost domestic sales related to digital printing press services by about 60 percent to 30 billion yen in two years,” the article reported. More Guest Blog: Growing Your Business With Online Marketing Techniques The world isn’t flat anymore; business and the world are changing and evolving faster than ever before. Is your business evolving along with the world? In the aftermarket space, many think that some of the newest marketing and customer interaction tactics don’t apply, like using social media and Internet searches to reach customers, but the truth is far from that. Today’s online environment is geared toward the consumer, giving aftermarket products that provide extended choices for pricing, quality and service ample opportunities. More More Headlines   Get the latest news in the Press Releases/Aftermarket Updates sections of Rechargermag.com. Current headlines include: Ron Hulett Named BTA’s 2012 Volunteer of the Year; MWAi Announces New iPhone App Available on iTunes; West Point Products Nominated for Three Recharger Readers Choice Awards; Gary Schwartz Joins Strategy Development; ILG Introduces Jumbo Cartridges for HP 4240, 4250, 4350 Series. More	Hot Topics Digital Magazine The full issue of Recharger Magazine is now available in digital format. Check it out! Advertise in eCharger Experience an increase in Web activity. Contact the Recharger Sales Team. Online Classifieds With dozens of classified ads sorted by category the best buying and selling experience is just a click away. View now Press Releases Recharger keeps you current with the latest industry news, events and people on the move. If you have important company news to share, bring it to Recharger and reach your target audience. Read the latest. Magazine Subscription Get industry news & analysis plus detailed technical articles each month in Recharger Magazine! Subscribe now Join us on Twitter! Follow us on Facebook!

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May 24, 2012 at 8:42 AM