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[2]: Actual HP employee
by zima on Wed 28th Nov 2012 17:44 UTC in reply to "RE: Actual HP employee"
zima
Member since:
2005-07-06

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.

Yay for efficiency!(?) ;)

Reply Parent Score: 2