SAN JOSE, Calif. (AP) — High-tech giant Hewlett-Packard Co. lowered its sales forecasts yet again Thursday and said it is slashing 6,000 jobs, more than 6 percent of its work force, because consumers worldwide are spending even less on technology than expected. Its stock price fell more than 5 percent.
The job cuts come on top of 4,700 already announced this year and also follow several warnings that results would be worse than previously thought.
HP's chairwoman, president and chief executive, Carly Fiorina, said she now expects revenues in the third quarter, which ends July 31, to decline 14 percent to 16 percent from the same time last year.