HP Forecast Tops Estimates as Cost Cuts Counter PC-Demand Slump

HP Forecast Tops Estimates as Cost Cuts Counter PC-Demand Slump

David Paul Morris/Bloomberg

Hewlett-Packard Chief Executive Officer Meg Whitman is eliminating 29,000 jobs through the end of fiscal 2014 to save as much as $3.5 billion a year and shore up profitability as demand for PCs ebbs.