Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling  |   Document Shredding
Rocklin & Roseville Today Events
Celebrating Life...
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

$866 Million Budget for Placer County ApprovedThe Placer County Board of Supervisors has approved the county's final 2017-18 budget of $866.2 million, an increase of 6.2 percent from the previous

Free Dementia Training on Sept. 27 for Families of Loved Ones Roseville, CA- The number of Americans living with Alzheimer's disease is expected to triple - from five million today to more than 16 million by 2050 - unless a cure is found

Step Up for Down Syndrome Walk October 8thSacramento, CA - Join the Down Syndrome Information Alliance as we unite for a common cause and raise funds at the 2017 Step Up For Down Syndrome Walk

Roseville City School District partners with Tommy Apostolos FundRoseville, Calif. - Accidents happen, which is why local nonprofit, Tommy Apostolos Fund, is launching its newest program, "Kids' Care Kits."

Sacramento Metro Chamber Small Business Development Center UpdatesSACRAMENTO, CA - In less than three years after assisting its first client in December 2014, the Sacramento Metro Chamber's Capital Region Small Business Development Center

Recovery Happens Event in Auburn September 23Auburn, CA- This annual event celebrates people recovering from substance use or mental health concerns, highlighting their success stories

New Social Host Ordinance in AuburnAUBURN, Calif. - The Auburn City Council unanimously passed a civil social host ordinance during their city council meeting.

Versatile Hyundai Ioniq: Has EV and Hybrid modeRoseville, CA - Anyone interested in purchasing the all-new 2017 Hyundai Ioniq better be proficient at decision making

Roseville Gas Price Hikes Slow Heading into AutumnRoseville, CA- Coming off recent upticks in prices, Roseville area residents have seen prices remain relatively stable this past week.

WJU Baseball adds experience and leadership to staffROCKLIN, Calif. - William Jessup head baseball coach Jake McKinley is pleased to introduce the new coaching staff for the Warriors, bringing years of experience and leadership

Roseville Club to Host Tennis Sectional ChampionshipRoseville, CA - The United States Tennis Association (USTA) Northern California Adult 55+ Tennis Sectional Championship will be arriving on Sept. 21-24

Our Most Vulnerable Residents: Expanding Medical Care & HousingThe Placer County Board of Supervisors recently approved two new components of the Whole Person Care pilot program: a medical respite unit that will provide interim care for at-risk clients leaving the hospital, along with a new agreement to purchase housing units


NEWS: In Case You Missed It