HP to eliminate 2,000 more jobs
Original post made on Sep 11, 2012
[Web Link HP may cut up to 35,000 jobs, reports say]
Read the full story here Web Link posted Tuesday, September 11, 2012, 10:34 AM
on Sep 11, 2012 at 2:43 pm
Horrible. In the midst of an economic crisis with good estimates of 20 million unemployed, underemployed, or looking for work this is the gift Meg Whitman has to offer "her people." So the private sector's "job creators" are going to pull us out of this crisis? Really?
on Sep 11, 2012 at 3:15 pm
Ironically, had government employment risen like it did at the beginning of the Bush administration, the economy would be in better shape. Public cutbacks at all levels is killing demand.
Deficits don't matter when there is this much slack in the economy.
Be sure to read the third to the last paragraph if you think we can't afford to put people back to work.
on Sep 11, 2012 at 4:57 pm
Blaming Meg Whitman? Not a fan of hers but she inherited the mess created by the 3 previous CEO"s all discharged Carly for poor results, Hurd for bad behavior and LeoA for incompetence; all with huge payouts.
The real blame goes to the HP board that split the company in two in 1999 (Agilent-HP)then proceeded to name a string of outsiders as CEO, starting with Fiorina who attempted to fashion herself into HPs first celeb CEO.. For 60 years the company survived through good and bad times, then was driven into the ground in 10 years.
Bill and Dave must be rolling in their graves.