AT&T is poised to send thousands into the new year hunting for new jobs after assigning them to train their own foreign replacements, according to conversations with current and former workers and documents obtained by Axios.
-- Stef W. Kight, Axios
HP today revealed further details of its previously announced $1 billion investment in offshore outsourcing, selecting six countries—Bulgaria, China, Costa Rica, India, Malaysia and the Philippines—as its global delivery hubs.
-- Stephanie Overby, CIO Magazine
Anyone expecting a big turnaround in Hewlett-Packard’s business in the last quarter must have been disappointed - revenues in most of the company’s segments continued to decline.
Nonetheless, HP’s stock headed north on Wall Street on Friday morning trade--investors focused on the announcement of another round of layoffs that is expected to improve the company’s efficiency and bottom line.
But layoffs cannot hide three problems that haunt the company.
First comes outsourcing, through which Hewlett-Packard gave its competitive advantage away piece by piece.
-- Panos Mourdoukoutas, Forbes