View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 17, 1993


By CBR Staff Writer

Hewlett-Packard Co accompanied news that it had made $261m net profit for its fiscal first quarter (a decline of 21% before a big accounting charge last time) with news that it cut 1,700 jobs worldwide during the period. It said 1,200 of the 1,700 employees that left during the quarter did so after voLuntarily accepting severance packages, and it expects more departures as the job-cutting programme spreads to new countries. The payroll rose by 500 to 93,100 after consolidation of the 900-strong arm in Brazil. Orders rose 24%, up 18% in the US to $2,100m, foreign by 28% to $3,100m.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.