HP has no layoffs plans now, says CEO

BEIJING, CHINA: Hewlett-Packard Co, the world's No.1 PC maker, has no plans for layoffs so far, its chief executive Leo Apotheker said on Wednesday.

"The answer is no. You can quote me on it," Apotheker told Reuters on the sidelines of a company event in Beijing.

Also read: HP CEO Apotheker looks to cloud

Apotheker became CEO of HP in September and is under pressure to turn around the PC maker, which is struggling in the technology sector.

The HP CEO also said the company has plans to develop cloud computing products in China to sell globally, as global tech companies eagerly tap the booming Chinese market.

Referring to a dispute with Oracle Corp over Intel Corp's Itanium microprocessor for servers, he said it would have little impact on its partnerships.