In Pictures: Top 25 network and IT industry stories of 2012

The Cloud, tablets, software-defined networking, IPv6 and 4G wireless reshape the enterprise IT landscape in 2012

In Pictures: Top 25  network and IT industry stories of 2012 prev next

Loading...

HP makes deep cuts

HP CEO Meg Whitman inherited some pretty big messes last year, and one painful move she made in 2012 to clean things up was announcing that the company would whack 8% of its workforce via layoffs and retirement offers, which translates into about 27,000 jobs. The company, which is focusing heavily on the cloud now, expects the cuts to save it $3 billion to $3.5 billion in fiscal year 2014. The job cuts are "difficult" but they also are "necessary to improve execution and to fund long-term health" of HP, said Whitman, who has also shared uninspiring near-term earnings projections for the company. On the bright side, IT jobs have seen modest growth through October, according to trade group TechServe Alliance.

Prev Next 11/26

Comments on this image

Close

In Pictures: Top 25 network and IT industry stories of 2012

26 images
Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?