Carly actually did this, citing HP's long history of caring for its workers. Many employees donated their pay to keep layoffs from happening. By the end of the Summer of 2001, though, she went ahead and enacted lay-offs anyway. In fact it about a month prior to 9-11. After announcing the lay offs, she then promptly announced the acquisition of Compaq, which she clearly had in mind ahead of time.
Other than that, she spent a lot of time talking about espeak, which never really amounted to anything, because XML (a non proprietary open standard) became accepted as the defacto application interface meta-data language. She wanted to turn HP into Computer Sciences Corp, doing consulting and software services, because she saw IBM's success...
But HP has never really done software all that well. (Just check out any HP programs that come installed or packaged with your workstation or print/scan center... (I'm not talking drivers, but the software that presents that information... it's always abominable and on most of my systems it breaks quickly.))