Thursday, May 26, 2016

Meg Whitman's five-year plan to fix Hewlett-Packard by breaking it up cost a lot of jobs - Recode

An interesting strategy by someone who ran for governor of California with job creation as one of her three major platform areas

"On CNBC today, CEO Meg Whitman said that, after the spinoff, HPE will have somewhere between 50,000 and 60,000 people. Separately, a spokesman told Recode that about 100,000 jobs will move from HPE to the new CSC-led company.

The number of announced jobs cut on Whitman's watch add up to more than 85,000, about 25 percent of the total number of employees at HP when she began, about 350,000 worldwide.

And while she will be remembered for fixing deeply-seated problems at one of America's most storied Silicon Valley icons by essentially breaking it into three more valuable pieces, it's only fair to note the pain caused by job losses along the way."
Meg Whitman's five-year plan to fix Hewlett-Packard by breaking it up cost a lot of jobs - Recode
Post a Comment