Hewlett-Packard (NYSE:HPQ) to lay off 2000 more workers by 2014.
Dow blue chip, Hewlett-Packard (NYSE:HPQ) intends to suspend further 2,000 labors elevating the total to 29,000 who would be compelled to depart from the tech giant by the conclusion of fiscal year 2014.
On Monday, Hewlett-Packard in a document filed with the Securities and Exchange Commission, reported that it was escalating the amount of labors scheduled for layoffs or departure.
The firm initially released its restructuring intentions in its financial report in May. At the time, Hewlett Packard (HPQ) stated that 8% of its labor force was planned for layoffs. The company stated that the labors had to “leave the firm” by the conclusion of fiscal year 2014, which finishes on Oct. 31 of that year.
In recent trading activity Hewlett-Packard Company (NYSE:HPQ) held volume of 18.48 million shares with 1.97 billion shares outstanding and 1.95 billion shares floated in market. In the past twelve months company scored revenue of $122.52 billion and had -$5557.00 million in earnings. The stock gave a gross margin of +22.33% whereas operating margin was -3.08%.
HPQ kicked off the trading session at $17.54 and during the session edged up 2.98% and finally settled at $17.95. The latest dividend per share paid to stockholders in recent quarter, also known as div/yield was 2.94 for the firm. Beta value, the measure of stock’s risk in relation to its market or alternative benchmark was 1.04.
The technology sector firm’s top rivals include Accenture Plc (NYSE:ACN) that surged 1.34% to $64.88 with the total traded volume of 3.13 million shares and Dell Inc. (NASDAQ:DELL) that moved up 0.24% to $10.64 with the total traded volume of 17.95 million shares.
HPQ is ahead of its 52 week low with 7.87% and lagging behind from its 52 week high price with -39.05%. HPQ’s last month stock price volatility remained at 2.38%. The stock price of HPQ is moving down from its 20 days moving average with -0.42% and remote negatively from 50 days moving average with -2.95%.