Hewlett-Packard, Revlon Announce 1,000’s Of Job Cuts

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Mani
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Hewlett Packard

Hewlett-Packard Company (NYSE:HPQ) and cosmetic firm Revlon Inc (NYSE:REV) have announced end of year job cuts of thousands of workers. In its regulatory filing, computer maker Hewlett-Packard Company (NYSE:HPQ) said it would cut 5,000 more jobs than planned earlier. HP to slash 11% of its workforce Computer major Hewlett-Packard Company (NYSE:HPQ) said it would cut 5,000 more jobs making the total layoffs 34,000, representing 11% of its workforce. The company had about 317,500 employees as of October 31. In its regulatory filing, Hewlett-Packard Company (NYSE:HPQ) indicated it would record a charge of $4.1 billion in 2014, up from its prior estimate of $3.6 billion….

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports