Hewlett-Packard Co. has cut about 9,000 employees so far as part of the planned layoff of nearly 25,000 workers that it announced in October. Now HP is reducing salaries and cutting back on travel in an effort to avoid being further wounded by the sharp knife of the economic recession.
On Wednesday, HP reported a 13% decline in earnings for its fiscal first quarter, which ended Jan. 31.
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Thursday, February 19, 2009
HP to cut salaries as profits decline
Posted by onlinemoneymaking at 4:04 PM
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