HP Will Cut 30000 Jobs

Vitaliy_Kiselev

Hewlett-Packard will shed as many as 30,000 more jobs as it splits into two companies, the company said at a meeting with analysts in San Jose, Calif.

The new reductions amount to about 10 percent of the new company’s workforce, and will save about $2.7 billion in annual operating costs.

The new cuts would bring the total jobs eliminated a Hewlett-Packard since Meg Whitman became CEO to about 85,000.

http://recode.net/2015/09/15/hp-will-cut-as-many-as-30000-more-jobs-after-split/

bradneffphoto

Yes, the Enterprise Unit of HP was only expected to bring in $20 Billion in Revenue this year. Clearly something had to be done...

brianl

And it sounds like by 2018 60% of their work force will be in developing countries. Looks like a big windfall if you're lucky enough to be Bangladeshi!

aae991

Meg Whitman certainly is not feeling any pain... She pulled in a cool $19.6 million last year... Of course it's business as usual at the multinationals these days... Short-term profit strategies vs. long-term thinking and planning. Great if you're a CEO - not so much if you're just a "worker"... The quality of customer service will nosedive as will the overall quality standards. But's that's okay - Meg is comfortable. And let's be realistic... That's all that matters to her. HP, like every other business is a "for profit" business, but when short-term gains become the driver for business planning something is terribly wrong.

Vitaliy_Kiselev

Meg Whitman certainly is not feeling any pain... She pulled in a cool $19.6 million last year... Of course it's business as usual at the multinationals these days... Short-term profit strategies vs. long-term thinking and planning.

You mean what it is Meg who is unusual and/or bad? I mean, seriously?

How about completely different interests of investors, owners and top managers as they belong to different class as all workers?

Howdy, Stranger!

Categories

Tags in Topic

Top Posters