6,000 more jobs to go at Hewlett-Packard

Hewlett-Packard is to make over 6,000 employees redundant. The job cuts are further to 25,000 redundancies still under way as a result of the company’s acquisition of IT services company EDS last year.

The news coincides with HP’s latest financial results. The world’s largest IT provider saw revenues fall 3% to $27.3 billion in its second financial quarter of the year, which ended on 31 April 2009. Profit for the quarter was down 13% year-on-year to $2.3 billion.

This decline was in spite of the addition of EDS’s revenues. Thanks to that acquisition, HP’s services division grew revenues by 99% to $8.5 billion. Without the extra revenues from EDS, the company’s revenue decline would have been around 20%.

Pete Swabey

Pete Swabey

Pete was Editor of Information Age and head of technology research for Vitesse Media (now Bonhill Group plc) from 2005 to 2013, before moving on to be Senior Editor and then Editorial Director at The...

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