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
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