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Tag Archives: restructuring

Hewlett-Packard to cut 9K jobs in services unit

Hewlett Packard popularly known as HP has decided to cut 9000 employees that provides technology services to other businesses as the company is looking to consolidate its commercial data center. HP said the job cuts will result from productivity gains and automation in the data centers, which are clusters of computers that HP’s business customers tap into to store data, ... Read More »

Ford Posts $2 Billion Profit!

The recession hit automobile giant Ford is back on track. It has managed to post $2 Billion quaterly net profit. Ford Motors managed this purly from restructuring. Ford also said it was on track to at least break even in 2011. This made the investors happy! It shot Ford shares up more than 9%. Ford also posted an operating loss ... Read More »