Analysts expect massive HP layoffs

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Analysts expect massive HP layoffs

Hewlett-Packard is likely to lay off thousands more employees, financial analysts have projected after new Chief Executive Mark Hurd presented his inaugural assessment of quarterly earnings.

Hurd didn’t reveal specific layoff plans after the earnings report, but he did make clear HP’s intent to cut expenses and said his company has “a cost structure that is off benchmark in many areas.” Now the analysts are weighing in with their assessments of the printer and computer maker’s future.

Read the complete story. (cnet)

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