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Spring-based Hewlett Packard to lay off 2,500 employees as part of cost-saving measures (www.click2houston.com)

submitted 5 months ago by subunit317@lemmy.world to c/houston@lemmy.world

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[–] ivanafterall@lemmy.world 3 points 5 months ago (1 children)

I wonder why they went with "cost-saving measures" instead of "profit-boosting measures."

The layoffs come as part of cost-saving measures the company says it will undertake to strengthen their financial profile by better aligning their cost structure to their business mix and long-term strategy.

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