HP CEO Meg Whitman – Another Massive Layoff Coming
(Pix Courtesy: Reuters)
Somebody’s gotta pay for the Brobdingnagian salaries, stock options and the private jets of HP CEO Meg Whitman (yeah, she of the failed California gubernatorial bid after spending $140 million) and other top executives of the company.
HP today said it’d fire another 11,000-16,000 employees.
The job cuts will cover all divisions and geographies.
HP expects to save a billion dollars on the additional layoffs over and above the $3 billion to $4 billion the company anticipated previously for slashing 34,000 jobs.
Increasing Layoffs
Over the last two years, HP has steadily upped the number of employees it’s going to jettison.
In May 2012, HP disclosed plan to guillotine 27,000 employees.
By September, the number of HP jobs at risk had increased to 29,000.
Come December 2013, the number rose to 34,000.
If you take the 16,000 impending layoffs, Meg will have butchered a total of 50,000 jobs.
Here’s what HP said today: Continue reading »