HP Inc reported sales that fell further than analysts’ estimated, a sign the company continues to be hamstrung by the ongoing slump in demand for personal computers.

Revenue declined 22% to US$12.9 billion (RM59.56 billion) on a worse-than-expected drop in consumer PC sales, the company said on Tuesday (May 30) in a statement. HP’s Personal Systems segment fell 29% to US$8.2 billion, compared with analysts’ average estimate of US$8.4 billion.

HP sales decline worse than expected as PC slump continues

International Business Machines Corp (IBM) chief executive officer Arvind Krishna said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years.

IBM to pause hiring for jobs that AI could do

(Feb 6): Dell Technologies Inc, facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.

The company is experiencing market conditions that “continue to erode with an uncer...

Dell to cut about 6,650 jobs, battered by plunging PC sales

Salesforce Inc will probably be urged by activist investors Elliott Investment Management and Starboard Value to cut more jobs, make changes to the board and spin off big acquisitions in search of greater profit, Wall Street analysts said.

Salesforce job cuts, big deals at stake as Elliott pushes for profit

(Jan 4): Salesforce Inc said it would cut about 10% of its workforce and reduce its real estate holdings after the enterprise software company hired too many people during the pandemic-fueled boom and is now adjusting to more cautious spending by its customers.

Salesforce to cut 10% of jobs, pare offices as sales slow

Elon Musk knocks Bernard Arnault off the perch to reclaim top spot

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

Australia raises minimum wage by 5.75% as living costs surge

HLIB Research says Velesto's valuations have become inflated

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

Russia accuses US intelligence of hacking thousands of iPhones

Apple plans major retail push with new stores across China, US

Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer

Global equities rise, U.S. yields fall after debt ceiling bill advances

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

Brody Ford

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