Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
In the News Hard to believe, but articles are popping up at business websites claiming that venerable Hewlett-Packard may fail. In their most recent fiasco, HP wrote off a loss of $8.8 of their $11.1 US billion acquisition of Autonomy and have alleged fraud in the deal. Revenue is down 7% from a year ago and the stock has hit a 10-year low. The company is laying off 27K employees but that may not be enough. Some speculate HP might be broken up into parts with buy-outs involved. This article from last May offers a good in-depth analysis of how all these problems came to pass.
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RE: Actual HP employee
by kwan_e on Sat 24th Nov 2012 14:59 UTC in reply to "Actual HP employee"
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Honestly the layoff coming are necessary. We have bulked up because of the acquisitions and we can't support the company at the size we are today, it does suck though for 29K people.

Why the hell not layoff the incompetent fuckers who made the poor acquisitions? Why the hell hire people whose only "strategy" is get rich quick through acquisitions in the first place?

They've basically got a whole small town of qualified people that they're going to throw away when in fact it could be cheaper and better in the long run to retain them and retrain them at a small cost. Think about what 29K people could think up now that they're not busy.

The place I work for, they're always encouraging employees to go "above and beyond". But then they completely decimate the headcount, leaving one person to do three people's jobs and they expect them to have time to do frivolous things.

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