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
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT