Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling
Rocklin & Roseville Today Local Events
HOME

HP to Cut Up to 16,000 Jobs





"As HP continues to reengineer the workforce to be more competitive and meet its objectives, the previously estimated number of eliminated positions will increase by between 11,000 to 16,000."


Second quarter GAAP diluted net earnings per share (EPS) was $0.66, up from $0.55 in the prior-year period and within its previously provided outlook of $0.62 to $0.66. Second quarter non-GAAP diluted net EPS was $0.88, up from $0.87 in the prior-year period and within its previously provided outlook of $0.85 to $0.89. Second quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax costs of $418 million and $0.22 per diluted share, respectively, related to the amortization of intangible assets, restructuring charges and acquisition-related charges.

Second quarter net revenue of $27.3 billion was down 1% from the prior-year period and flat on a constant currency basis.

"With the first half of our fiscal year completed, I'm pleased to report that HP's turnaround remains on track," said Meg Whitman, president and chief executive officer, HP. "With each passing quarter, HP is improving its systems, structures and core go-to-market capabilities. We're gradually shaping HP into a more nimble, lower-cost, more customer- and partner-centric company that can successfully compete across a rapidly changing IT landscape."

In May 2012, HP adopted a multi-year restructuring plan designed to simplify business processes, accelerate innovation, lower costs and deliver better results. HP previously estimated that 34,000 positions would be eliminated in connection with the plan.

As HP continues to reengineer the workforce to be more competitive and meet its objectives, the previously estimated number of eliminated positions will increase by between 11,000 to 16,000.





Placer County News Headlines

Placer Vineyards granted Regional General PermitJust west of Roseville, Placer Vineyards was granted its Regional General Permit

Roseville Flash Police Digest UpdateRoseville, CA- The latest from Roseville Police activity log updates covering the period of January 5- 12, 2017.

Volvo S90: New luxury sedan replaces S80Roseville, CA- The new, rather cool 2017 Volvo S90, which becomes the Swedish automaker's flagship sedan. The S90 has little in common with the S80 and is newly designed from the ground up.

Going Up Again; Roseville Gas PricesRoseville, CA- Going up. As anticipated, gas prices continue pushing higher in Roseville and around the country heading to

VW to Pay $4.3 Billion in Emissions Cheating Conspiracy CaseVolkswagen AG Agrees to Plead Guilty and Pay $4.3 Billion in Criminal and Civil Penalties; Six Volkswagen Executives and Employees are Indicted in Connection

FBI Teen Academy Applications Available OnlineRoseville, CA -The Federal Bureau of Investigation (FBI) Sacramento field office in Roseville is accepting applications for the Spring 2017 FBI Teen Academy

New Director for Sacramento Valley National Cemetery The Department of Veterans Affairs has named Michael H. Henshaw as the new Director of Sacramento Valley National Cemetery in Dixon, CA

2017 Poetry Out Loud January 29Poetry Out Loud, sponsored by PlacerArts and the California Arts Council, is an annual event that leads Placer County high school students in learning and understanding

Crab Feed Tickets on Sale: Sierra College PatronsThe Sierra College Patron's Crab and Shrimp Feed will be held on Friday, February 17 at the McBean Pavilion, 65 McBean Park Drive, Lincoln, CA 95648.

UC Davis Health Appoints New CIO(SACRAMENTO, Calif.) - Following an extensive nationwide search, UC Davis Health has appointed William Showalter as Chief Information Officer (CIO).

Ringling Bros. and Barnum & Bailey Shutting Down the CircusRoseville, CA- Ringling Bros. and Barnum & Bailey, the colorful icon of traveling circus entertainment is packing up the tent following a rich and storied history that dates back to the 1800's.

Grand Opening Festivities at McBean Stadium January 21LINCOLN, Calif. - The revitalization effort of McBean Stadium is the result of a joint partnership between the City of Lincoln and William Jessup University


NEWS: In Case You Missed It