Is that what she did at HP?
Gee, how did that work out?
No, since HP is not a government agency, she was able to actually lay off the excess workforce. You can't do that with federal workers.
Gee, how did that work out?
Actually, fairly well. Even after laying off 30K employees, revenues went up (not just profits), and even after the dot com bust, the recession and the economic problems after 9-11, HP stock had recovered to its pre-recession levels (accounting for stock splits and dividends) by the time she left. It took many other tech companies much longer to recover, and many just went under.
I am not saying she was the greatest CEO ever - but she did a lot better than many others, and the company was larger and stronger when she left than before she took over.
(BTW, I worked for HP and was one of the 30K that got laid off. I didn't like it, but I only had a couple of years on the job, and they were downsizing! That is business.)
Carly introduce ‘ventilation’ to HP. That is 5% of the workforce is laid off and replaced with new hires.