HP To Cut 30,000 Jobs 291
Axolotl_Rose writes with news that Hewlett-Packard is preparing to cut around 30,000 jobs, close to 10% of its total workforce. CEO Meg Whitman reportedly wants to use that money instead for new products and for bolstering the sales force. From the NY Times:
"China, which is one of H.P.’s highest growth areas, will probably be spared, as will its research and development efforts. Ms. Whitman, who became H.P.’s chief executive last September, 'is trying to build a new company,' one senior executive said of the job cuts. 'You can count this as a part of that.' The final plan is expected to be announced on Wednesday, when H.P. announces earnings for its second fiscal quarter. Considered a slow-moving giant in the tech industry, H.P. had revenue of $127 billion in fiscal 2011, but net earnings of just $7.1 billion. While it has a leading position in the sales of low-margin personal computers, H.P. has been late or unsuccessful in many recent tech trends like providing cloud computing services for big companies and smartphones and tablet computers."
An article at Forbes suggests HP should instead 'retool' those jobs by recruiting makers and hackers, TED conference speakers, and others who have experience building and inventing things.
Should be... (Score:5, Funny)
Disgraced Republican Candidate for Governor (Score:5, Funny)
Anyone who watch Meg Whitman run for governor should realize by now that she is an abject retard.
I wouldn't put her in charge of a car wash, much less a multinational company.
I guess after that other Republican candidate, Carley Fiorina started driving HP into the ground they needed another mentally handicapped Republican to finish the job.
Re:Oh yeah, that'll help. (Score:5, Funny)
If those 30,000 employees all work on print drivers, maybe we'll see them (the drivers) shrink to a reasonable size...
Re:Bad CEO replaced by bad CEO replaced by bad CEO (Score:5, Funny)
A new CEO was hired to replace an outgoing CEO. The outgoing CEO met with the incoming CEO for an exit interview. During the discussion, the departing CEO stated he had placed 3 very important letters in his drawer just as his predecessor had done for him. He explained that the new CEO would find opening the letters in order most useful when a serious event took place. He also stated the letters left for him had really helped him over his tenure.
Several months passed before a major event came up. The new CEO now remembered the letters and noticed they were numbered 1, 2, and 3. The former CEO had instructed they be opened in order for maximal benefit. The new CEO opened letter #1 and the paper inside had the words “blame it on your predecessor.” The new CEO did as the letter stated and amazingly he was able to avert serious problems and keep his job.
Several months passed before the next serious event took place. This one was growing in magnitude and things were starting to get ugly at the company. There were even calls for the CEO to step down. In desperation, the CEO opened the drawer and pulled out letter #2. With great fear he, opened it carefully to read the word “reorganize.” He followed the instructions and just as before he was saved. The whole company quieted down and went back to business as usual.
After about a year, a third serious event took place and it was much worse than the rest. The CEO knew how to get out of the mess because he had a third letter left to open. With a smile he reached for the letter #3 and opened it to read “write 3 letters.”
Re:The 21st century formula for a successful compa (Score:4, Funny)
My favorite answer to this problem: Clearly, saying "he, she, or it" every time is a bit cumbersome, but at the same time we want to be inclusive. This eventually leads to the contraction "h'or'sh'it"
Re:The 21st century formula for a successful compa (Score:4, Funny)
Nice idea except the HP CEO *appears to be* a woman.
There, FTFY.
Women are people, and people have souls, therefore Meg Whitman is not a woman.