Skip to main content

Hewlett-Packard

(HPQ) - Get HP Inc. Report

expects staff cuts to cost $200 million in the first half of fiscal 2005, the hardware maker disclosed in a regulatory filing Tuesday.

Earlier this month, the Palo Alto, Calif., company said its outlook for the first half of the fiscal year, which began this month, assumed cuts across H-P's businesses that would result in restructuring charges of 4 cents a share during the period. H-P said the cuts will start in the first quarter, but it has not specified which business units would be affected and how many jobs would be slashed.

Scroll to Continue

TheStreet Recommends

Shares of Hewlett-Packard fell 13 cents, or 0.6%, to $20.07 in recent trading.