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Hewlett-Packard cuts 27,000 Jobs to Save Billions

In an effort to restructure itself, Hewlett-Packard plans to lay off 27,000 workers, which equates to about 8 percent of its workforce over the next two years.

Hewlett-Packard expects to generate a savings of between $3 billion to $3.5 billion by the end of fiscal year 2014. The savings will be reinvested into the company.

“Even though the restructure was a difficult decision because of the job losses, it was necessary in order to maintain the long term health of the company.We are setting HP on a path to extend our global leadership and deliver the greatest value to customers and shareholders.” CEOMeg Whitman said.

Some of the employees will take the early retirement program offered by the company, so the total number of employees affected by the layoffs will be determined by the number of employees opting to make good on the early retirement option. The layoffs are expected to be completed by October 2014.

Hewlett-Packard expects to use the savings to boost three main areas of operation, “cloud, big data and security.” HP shares (HPQ) rose about 7 percent to $22.48 in after-market trading on news of the company’s cost-cutting plan and quarterly results. The share price has fallen nearly 50 percent over the past.

Hewlett-Packard earned $1.6 billion, or 80 cent per share, during its second quarter ending in April. That represented a 31 percent decline from $2.3 billion, or $1.05 per share, at the same time last year.

To pay for severance and other restructuring cost Hewlett-Packard expects to take a pre-tax charge around $1.7 billion in the current fiscal year, which ends in October. The company expects to take additional charges of $1.8 billion through fiscal 2014.

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May 24, 2012 Posted by | Business News | , , , , , , , , , | Leave a comment

Life Lessons: Comes The Dawn

Comes The Dawn
Veronica Shoffstall

After a while you learn the
Subtle difference
Between holding a hand and
Chaining a soul
And you learn that love doesn’t mean leaning
And company doesn’t mean security
And you begin to learn that
Kisses aren’t contracts
And presents aren’t promises
And you begin to accept your defeats
With your head up and your eyes open
With the grace of a woman, not the grief of a child
And you learn to build all your roads on
Because tomorrow’s ground is too
Uncertain for plans
And futures have a way of falling
Down in mid-flight
After a while you learn that even
Sunshine burns
If you get too much
So you plant your own garden
And decorate your own soil
Instead of waiting for someone to
Bring you flowers
And you learn that you really can endure
That you really are strong
And you learn and learn
With every goodbye you learn.

April 29, 2012 Posted by | Life Lessons | , , , , , , , | Leave a comment

Bobby Brown Explains Why He Left Whitney Houston’s Funeral

Bobby Brown left Whitney Houston’s Funeral upset over the way that he and his family were treated.

After entering the church and escorted to their seats by security and before they could settle in their seats, the security asked that Bobby Brown and his family move not once but twice more and Bobby was forbidden again by security, [at the instructions of Houston’s family] to offer his condolence to his only child in the marriage to Whitney, Bobbi Kristina.

At that point, Bobby Brown decided that he had experienced enough embarrassment, while being disrespected in the church, at the funeral, and in front of his children, that the best thing to do at this point was to just blow a kiss toward Whitney Houston’s casket and gather his family and leave with the same respect that he had entered the church.

Was that the proper and Christian way to treat the father of Whitney’s only child, Bobbi Kristina and Whitney’s husband of 15 years? My answer is an astounding NO!

While it was clear that Whitney’s family did not approve of her choice in Bobby Brown, and they extrapolated that at every venue possible, it also became painfully clear as time pass that Whitney loved Bobbi Brown passionately. And while you may not approve or understand the relationship between the two; you have to respect her decision, after all, “it was her decision to marry Bobby Brown.”

I’ve watched many interviews, whereby various anchors would interview Whitney, and in all of them, she would reiterate over and over again, that Bobby and I are more alike than you think. I understood what she meant by that.

Whitney was saying, “I understand the image that you have created for me and the one that I have created for myself in an effort to uphold that image, but there is another layer under that image that is not like the one that must be presented before the world. That deeper layer is more like the real Whitney Houston and Bobby brings that out of me.”

I know we all look for someone to blame when one of our beloved entertainers does not consistently meet up to our expectations. Whitney was a realist and understood as she so eloquently responded to Diane Sawyer in one of her many interviews, “I am my own demon!” At that moment and at that time, she didn’t place blame on anyone for the state that she found herself in, but “stood front and center” and accepted responsibility for Whitney. I gained, yet another level of respect for her to have the courage and come on national TV and “stand in her own truth.

Not one person alive and not one person reading this is “without sin!!! That’s a fact . . . . Like it or not!!! Not me . . . and not you.

“YOUR SIN OR SINS IS NOT THE SUM TOTAL OF YOUR LIFE . . . . . . . EVEN IF YOUR SIN . . . . . . . . . . CAUSES YOU . . . . . . . YOUR LIFE!!!”

** Always Remember: That your craft should not define who you are as a person but only what you do. There is yet another layer to you waiting to be discovered by others.**

February 19, 2012 Posted by | Life Lessons | , , , , , , , , , | Leave a comment