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HP job cuts loom for Australian employees

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A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.
As yet there’s been no announcement by HP on the number of Australian employees who might lose their jobs but the US parent company, and its South Pacific regional management, which includes Australia, has indicated there will be job cuts in most countries and most areas of the business, with 27,000 or more jobs likely to go under the global restructure.

The planned job cuts to HP’s global business follow the company’s announcement of a 31 per cent drop in profits in its second fiscal quarter to $A1.64 billion, and a fall in revenue compared to the corresponding quarter last year of three per cent to $A31.44 billion.

The company says it expects a restructure will save it somewhere between $A3.07 billion and $A3.58 billion by the end of the 2014 fiscal year.

HP has reportedly been hit by the widespread move to mobile devices and tablet computers, and the company has indicated it plans to re-invest savings from the global job cuts in areas which have growth potential such as cloud computing, big data and security.

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Peter Dinham

 

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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