Costs Are Now In Line With Sales
Whitman says that HP's massive restructuring plan to get costs in line with sales is on track. That is set to result in a reduction of run rate labor expenses by more than $3 billion in Fiscal 2014. Whitman says other steps HP is taking to reduce costs are paying off. "After Fiscal 2014, under my leadership, we are not going to do another big restructuring," she said. "We have got to get ongoing productivity improvements built into our normal course of business. Ongoing productivity has got to become part of HP's DNA."