She also blamed foreign currency effects this quarter. Hewlett-Packard, the third largest PC maker, said it would eliminate 3,000 management positions from its 88,500 global workforce in order to slim the layer of executives down toward industry averages, a spokeswoman said. The new total nearly triples the roughly 1,700 marketing job cuts announced in January, taking the figures to about 5 percent of jobs, although new sales jobs are being added and some employees will move to open positions within the company. Fiorina, who was one of the first to see U.S. trouble spreading abroad but who had also stumbled with forecasts before the economy soured, cautioned that her crystal ball was not crystal clear.
Visibility remains extremely limited.
Keep in mind, we, like everyone else, are adjusting to very rapidly changing conditions.