Job Cuts in HP IT Services
More redundancies announced at HP this week, well come on it is Christmas - 2900 extra to go in period may to oct 2010. This is mainly down to off-shoring of the IT services sector. It accounts for 4% of total HP staff in Europe and is on top of the 1000's of jobs cut already or in the pipeline to go. It will be a much larger % though of the HP Enterprise Services staff where most of these cuts will be made - as these jobs are aggressively moved offshore.
Now this action is necessary because they HP only made about $9 Billion profit last year after tax and times are very hard!.
IT was the future for our children after manufacturing disappeared in the UK, Tony Blair told us so!. Our universities are now crammed full, bursting at the seams with young people who wouldn't normally be there, but can't get jobs. Those students studying IT need to ask their local MP and their tutors some serious questions about future IT job prospects in the UK and what they might pursue instead.