HP cuts outlook and jobs

PC giant HP are to cut 2% of its workforce after a 17% drop in quarterly profit. In the quarter ending 30th April the company's revenue fell 3%, with a reported 13% drop desktops and  24% in laptops. The company have also introduced a staff pay cut of 5% as a cost-cutting measure.

http://money.cnn.com/2009/05/19/technology/hp/index.htm?postversion=2009051918