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Looks like May's Hewlett-Packard layoff numbers were about 2,000 short of reality, as the American hardware company adjusted its previous 27,000 estimate to 29,000 in a recent SEC 10-K filing spotted by ZDNet. Those employees represent approximately eight percent of HP's entire workforce, and the restructuring saves the company $3 to $3.5 billion per year -- money it badly needs following last quarter's losses. HP says that 3,800 employees were affected as of July 31, 2012 -- just over 13 percent of the restructuring total. It's unclear how many more will be affected by year's end, if any.
Filed under: Desktops, Laptops, Software
HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014 originally appeared on Engadget on Mon, 10 Sep 2012 12:41:00 EDT. Please see our terms for use of feeds.
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AT&T has only just begun the transition away from 2G services with its spectrum refarming in New York City, but it now has a target end date to mark on the calendar: January 1st, 2017. Courtesy of an SEC filing, we know that the carrier hopes that both its GSM voice and EDGE data networks will have gone to the great cell tower in the sky before we're popping the champagne corks about four and a half years from now. The Big Blue Ball expects the transition to be a smooth one, as only 12 percent of its regular subscribers are using 2G-only phones today; if it ever gets bumpy, the company promises to "proactively" steer the holdouts towards 3G and 4G. Don't get too misty-eyed. While the transition will mark the end to what's arguably one of the most definitive chapters in US cellular history, that far-flung date will likely come well after most of us have moved on -- much like the AMPS shutdown, it could be less of a bang and more of a whimper.
Filed under: Cellphones, Wireless
AT&T plans to shut down entire 2G network by 2017 originally appeared on Engadget on Fri, 03 Aug 2012 15:42:00 EDT. Please see our terms for use of feeds.
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Reuters is reporting that regulators have begun a probe of American movie studios and their dealings with Chinese officials. The Security and Exchange Commission has sent letters to at least five companies, including 20th Century Fox, Disney and DreamWorks Animation requesting information about "potential[ly] inappropriate payments" made to members of the Chinese government. The market in the pseudo-Communist nation is seen as one with huge potential for US-made films, but the state-owned China Film Group has placed strict limits on foreign cinema. However, in February, the group agreed to loosen restrictions and exempt up to 14 IMAX or 3D films a year (along with their 2D counterparts) from the 20 movie cap on international media. Around the same time, DreamWorks announced it would be building a production studio in Shanghai with participation from several large Chinese media companies. Even Disney struck a deal that will see the next Iron Man title co-produced by China's DMG Entertainment. The sudden shift in tone must have raised some eyebrows with watchdogs, and the SEC has responded by hitting up the studios for info over the last few months. Obviously, we'll be keeping an eye on this to see how it develops.
SEC investigating movie studios' dealings with China originally appeared on Engadget on Tue, 24 Apr 2012 16:53:00 EDT. Please see our terms for use of feeds.
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