Posted on 09/16/2015 7:55:05 AM PDT by jimbo123
The Hewlett-Packard Company is no stranger to job cuts: During the Carly Fiorina era in the early aughts, the company’s workforce was slashed by 30,000. Fast forward to the Meg Whitman years and the company is still thinning itself out: following job cut announcements in 2014 that amounted to a 55,000-person reduction in headcount, the tech giant said Tuesday that it expects to lose another 30,000 jobs as a part of its planned transformation.
In a meeting with analysts Tuesday, HP provided an updated look at its plans to split into two publicly traded companies – HP Inc, which will focus on printing, and Hewlett Packard Enterprise, which will focus on the cloud. Though it announced that the new Hewlett Packard Enterprise will see more than $50 billion in annual revenue and trade under the ticker “HPE,” the biggest part of the update was this: the company plans to cut 25,000 to 30,000 jobs in the enterprise transformation.
The slashed headcount should translate to $2.7 billion in annual savings.
(Excerpt) Read more at forbes.com ...
Perhaps, but she is not “Presidential”.
Certainly not presidential or even VP material. She’s no slouch though to be named CEO of HP whatever the end result.
#6 That happened recently at my work. I called HP and our next day support was changed to you have to ship the pc in for repair.... I read that HP was splitting off the enterprise support and it looks like their warranty database is scrambled up.
She made sure she made 10’s of millions while firing 30,000 people.
That’s why I call that company Hewlett-Patel.
Good to learn that “decimation” can be quite literal.
The feral govt itself could use at least “demiation”.
She’s not alone in that area. Many companies have done it and will continue to do it. All part of free trade and shipping our strength to other countries.
Well the current HP CEO just fired another 30,000. So, I am led to believe that the HP business model and it’s board of directors is just as much of the problem as the CEO.
Correct.
...never have been in a position to tell someone their job went away”
Very true and it is tough.
I was working at an HP site (not an HP employee) when she was made CEO.
You should have heard the HP engineers...most were ready to quit that day.
Carly at HP
Craig Barrett at Intel
John Scully at Apple
The worst CEO’s ever to run a Silicon Valley company
“...their technology to be stolen by Intel”
Actually that is not exactly true.
There was one minor feature which allowed two processors to determine which processor cache to flush in MP systems.
This feature was added to the original Pentium for 2 processor systems.
The court ruled that DEC owned the rights to it.
Intel was forced to buy the DEC design center and fab in MA as part of the settlement.
Those people still work for Intel but the Fab was so outdated it wasn’t worth upgrading.
Not trying to justify anything but at that time, Intel was more concerned about AMD, Compaq/MIPS and Sun Microsystems than DEC.
All current Intel processors now use a modified PCI-e circuit for processor to processor communication.
This came out in Nehalem core back in 2006.
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