Hewlett-Packard to Cut 16,000 More Jobs; Apple to Launch New Smart Home Platform at WWDC


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Hewlett-Packard to Cut 16,000 More Jobs; Apple to Launch New Smart Home Platform at WWDC

Hewlett-Packard Company (NYSE: HPQ) is preparing to do more job cuts as the company tries to turn around. Hewlett-Packard has posted 11 straight quarters of declining sales and Meg Whitman is planning to shed 16,000 more employees, on top of the 34,000 already announced. Hewlett is facing its third straight drop in annual revenue. The company reported that profit excluding certain costs in the period ended April 30 was 88 cents a share and revenue fell 1 percent to $27.3 billion. Analysts had on average predicted profit of 88 cents and sales of $27.4 billion, according to data compiled by Bloomberg.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.

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Apple Inc. (NASDAQ: AAPL) is planning to launch a new “Smart Home” program that is going to be introduced at WWDC next week, according to the Financial Times. A report in FT said that Apple will build remote-control and management features for a host of devices including security systems into the iOS platform through partnerships with specific manufacturers, and the company’s retail stores will be a core part of the strategy.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products.

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