Most Viewed Content:

Xiaomi Redmi X86 giant screen TV, 4K display + metal body RMB 4999

Xiaomi previously announced the Redmi X86 giant-screen TV. Xiaomi...

Sega says Sonic the Hedgehog series has surpassed 1.5 billion sales and downloads

Sega released the latest sales of its "Sonic the...

HP announces 6,000 layoffs as PC giant cuts jobs

PC giant Hewlett-Packard will cut up to 6,000 jobs over the next three years as falling demand for personal computers eats into company profits.

Hewlett-Packard

The majority of HP’s company, which derives most of its revenue from computer sales, has been dealing with a continuing slump in demand for personal computers. HP CEO Enrique Lores said the market downturn started with low-end consumer products but has spread as companies cut jobs and limited investment in technology. Leading research firm Gartner reported that worldwide PC shipments fell nearly 20 percent in the third quarter, the biggest drop since the company began tracking the data in the mid-1990s.

To manage costs, HP will lay off up to 10 percent of its 61,000 employees worldwide over the next three years and reduce its presence in real estate markets, Lores said. HP’s move will incur an estimated $1 billion in restructuring costs, about 60 percent of which will occur in fiscal 2023, which begins this month. The plan will save $1.4 billion annually by the end of fiscal 2025, HP said in a statement.

HP said in a statement Tuesday that the company’s earnings per share, excluding certain items, will be between $3.20 and $3.60 for the fiscal year ending October 2023, below analysts average estimate of $3.61 per share, and that free cash flow of about $3.25 billion is also lower than expected. In an interview, Lores said the forecast assumes a 10 percent decline in computer sales for the fiscal year. “We expect the market environment to be challenging,” he said. He said.

Latest

Sources say Mark Zuckerberg will resign next year, Meta spokesman denies

Meta spokesman Andy Stone tweeted that reports that CEO...

GeForce RTX 3060 Ti with GDDR6X will replace standard GDDR6 model

NVIDIA recently updated its lineup with an 8GB 128-bit...

Intel B760 motherboards and 13th generation Core non-K processors will be available on January 3, 2023

Intel will launch its mainstream-oriented B760 motherboards and 13th-generation...

Samsung Galaxy S23 equipped with Snapdragon 8 Gen2 is expected to challenge the iPhone 14 Pro

The iPhone's A-series SoC is the mobile processor that...
spot_img

Newsletter

Don't miss

Sources say Mark Zuckerberg will resign next year, Meta spokesman denies

Meta spokesman Andy Stone tweeted that reports that CEO...

GeForce RTX 3060 Ti with GDDR6X will replace standard GDDR6 model

NVIDIA recently updated its lineup with an 8GB 128-bit...

Intel B760 motherboards and 13th generation Core non-K processors will be available on January 3, 2023

Intel will launch its mainstream-oriented B760 motherboards and 13th-generation...

Samsung Galaxy S23 equipped with Snapdragon 8 Gen2 is expected to challenge the iPhone 14 Pro

The iPhone's A-series SoC is the mobile processor that...

Qualcomm Snapdragon 8 Gen2 is 45% faster than Samsung Exynos 2200 in multi-core

Mobile chipsets launched within a 12-month time span don't...
Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.
spot_imgspot_img

DRAM revenue is expected to drop by 40% in the second half of the year

According to Taiwan's Central News Agency, research firm IC Insights expects that DRAM (Dynamic Random Access Memory) revenue in the second half of the...

Sony PlayStation Announces Two Project Titles: The Suzuran Project and Lost Soul

According to Sony, Sony Interactive Entertainment (Shanghai) Co., Ltd. held a "China Star Project" conference today, announcing that two highly anticipated games, "The Suzuran...

BYD’s million-level high-end brand looks up to the hard-core SUV interior exposure, release in Q1 of 2023

Wang Chuanfu, chairman and president of BYD Co., Ltd., recently revealed that BYD will use disruptive technologies and products to build a brand new...