Hewlett-Packard Job Cuts Send Stock Rising

By | September 16, 2015

Scalper1 News

Hewlett-Packard (HPQ) stock gapped up more than 5% Wednesday after the tech giant announced plans to slash up to 30,000 jobs as part of a restructuring that will split it into two companies. Late Tuesday, company executives told analysts they would make the cuts as HP separates its enterprise divisions from its consumer products operations, with the split set to take effect on Nov. 1. HP stock was up 4.2% in afternoon trading in the stock market Scalper1 News

Scalper1 News