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Hewlett Packard Co. on Tuesday said in a government filing that workforce reductions planned for the first half of fiscal 2005 will cost about $200 million.
The Palo Alto, Calif., computer maker, which ends its fiscal year on Oct. 31, said in a filing with the Securities and Exchange Commission that the reductions would lead to a decrease of about 4 cents a share during the period.
Earlier this month, HP reported that it earned $1.09 billion, or 37 cents a share, on revenue of $21.4 billion in the fourth fiscal quarter. Revenues were up 8 percent from the same period a year ago.
The fourth-quarter performance was considerably better than the previous quarter in which HP's Enterprise Servers and Storage division reported a $208 million operating loss, leading to the firings of its top executives.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
