Arik Hesseldahl

Recent Posts by Arik Hesseldahl

HP Raises Job Cut Estimate to 29,000

Hewlett-Packard says it will cut 29,000 jobs between now and early 2014. That’s higher than the initial estimate of 27,000 the company predicted over the summer. The new estimate was disclosed in HP’s 10-Q filing with the U.S. Securities and Exchange Commission this morning. The new estimate comes on the heels of the disclosure last month that HP’s restructuring charge related to job reductions would be closer to $1.5 billion, up from $1 billion. CEO Meg Whitman attributed the change in part to a higher number of voluntary buyouts than had been anticipated.


Latest Video

View all videos »

Search »

When AllThingsD began, we told readers we were aiming to present a fusion of new-media timeliness and energy with old-media standards for quality and ethics. And we hope you agree that we’ve done that.

— Kara Swisher and Walt Mossberg, in their farewell D post