Analysts expect Hewlett-Packard to announce a restructuring plan today that could mean layoffs for 25,000 to 35,000 employees, or 10 percent of the company’s workforce.
“It’s not a surprise at this stage of the game. It’s just the beginning,” said Mark Stahlman, director at TMT Strategies, in an interview on CNBC’s “Squawk Box.”
The restructuring announcement is expected to dovetail with the company’s second-quarter earnings report, expected after the closing bell.
Despite the layoffs, Stahlman sees a silver lining.
“HP has a fabulous opportunity here. They've got totally new management,” he said. “Maybe [CEO] Meg Whitman will actually try to run the company; in order to do that, she'll need a new digital economy strategy."