Tag Archives: computers

Hewlett Packard to Cut 5,000 Jobs

Hewlett Packard/HP has decided to slash 10% of it’s workforce despite third quarter results that surprised Wall Street. HPE will release 5,000 people by the end of the year according to a Bloomberg report.

The cost-saving move made by CEO Meg Whitman, was to shed under-performing divisions and focus on services devoted to artificial intelligence.

CEO of Hewlett Packard (HP), Meg Whitman – Photo from The Drum

Only four years after taking the CEO job, Whitman has split HPE into two divisions: printers and PC’s (HP) and servers and storage(HPE), each worth $50 billion. HPE has had to play catch up with Amazon and Google in the cloud storage competition. Recently, Whitman’s commitment to HPE was in question when her name came up in the discussions for Uber’s  CEO job.

Whitman has stated that Uber was not a fit for her and had nothing to do with her situation at HPE.

HPE stock has gone up 3% this year and another 0.6% this week after the announcement, but that is lagging compared to the Nasdaq 100’s 21% gain this year.  Whitman has been with HPE for six years and will be with them as long as she wants to be.  She stated, “We have a very special opportunity here and we have plenty of work to do.”

 

 

The changing ways of drone technology

Drone technology has greatly expanded over the last few years, and it’s no longer only being used for conventional military purposes. Many people have heard of drones but have no idea what they are or how they work. The answers to those questions might surprise you.

Continue reading The changing ways of drone technology

Is technology helping us or hurting us?

In a world full of constantly updated technology, it’s easy to feel superior. Look at us — we’re at the top of the food chain and we rule the world. We’re even smart enough to invent machines to do all of the hard work for us.

Or are we not so smart in that aspect?

It’s easy to look at a brand new iPad or the newest Call of Duty installment and think, “Wow, things are just getting better!” But what about the long-term effects? Could these sleek little objects be hurting us more than helping us? Continue reading Is technology helping us or hurting us?