Like most big companies, HP is running out of new CEOs to find 'problems' to correct to 'explain' lack of profit to shareholders. What is fundamentally wrong is that in any given market, costs are likely to go up over time. You cannot sell the same product for the same price over quarters or even years. Technically you get around this by either introducing 'new' products with 'new' features or you pad some aspects of your business from other aspects.
HP has been cutting employee benefits and salaries for going on a decade now. Every quarter they cut to make the profit for the shareholders. At some point this needs a reckoning. That is likely going to be in the near future. The company needs to be split into different divisions to slough off the unproductive components - e.g. IBM getting rid of its computers and laptops division.
You can't be everything to everyone. If you try, you end up disappointing everyone. A CEO can only do so much and good employees will only stay so long until they are forced to find an alternative to save their sanity.