logo
Share SHARE
FONT-SIZE Plus   Neg

HP Reportedly To Lay Off 275 Employees From WebOS Division - Quick Facts

Hewlett-Packard Co. (HPQ) plans to cut about 275 jobs at its WebOS division, according to media reports. HP is working to redeploy employees affected by these changes to other roles at the company, reports stated.

"As WebOS continues the transition from making mobile devices to open-source software, it no longer needs many of the engineering and other related positions that it required before," reports stated, citing Mylene Mangalindan, a spokeswoman for the Palo Alto.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walt Disney Co. has agreed to certain assets of Rupert Murdoch's Twenty-First Century Fox, Inc. for about $52.4 billion in stock, the two companies said Thursday. Immediately prior to the acquisition by Disney, 21st Century Fox will separate the Fox Broadcasting network, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off. Crypto Co., engaged in the digital currencies and blockchain sector, announced its plans to execute a 10-for-1 stock split, citing the significant growth in the value and demand for its shares amid the ongoing digital currency market boost. CEO Mike Poutre said, ""We are aware of the recent fluctuation in our stock, and want to see orderly market activity surrounding the trading of our stock." Teva Pharmaceutical Industries Ltd. (TEVA) said Thursday that it plans to reduce 14,000 jobs globally or more than 25% of its total workforce in the next two years. It will immediately suspend dividends on ordinary shares, and cancel bonus for 2017. The company will continue to review the potential for additional divestment of non-core assets.
comments powered by Disqus
Follow RTT