After market close Monday, Hewlett-Packard reported fourth-quarter earnings that were in line with the forecast the company gave earlier this month when it acquired networking equipment maker 3Com.
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“We are mostly but not all done” with layoffs. So said Microsoft CEO Steve Ballmer in May at the start of a second round of cuts that claimed the livelihoods of some 3,000 employees. Now, six months later, the company is finishing the job. Sources tell TechFlash that Microsoft will make additional job reductions this week–beginning as early as today.
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Black Thursday fell on more than just IBM today. Agilent also announced layoffs this morning. The company plans to sack 2,700 employees–14 percent of its workforce.
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The hammer has fallen at eBay. This morning the online auctioneer sacked about 1,000 permanent employees and a few hundred temps, about 10 percent of its workforce. That’s a bit less than the 1,500 workers for whom the company was rumored to be writing up pink slips, but it’s substantial just the same.
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