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Morning Tech Bits

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2. Re: Morning Tech Bits May 25, 2012, 11:42 Beamer
 
Ozmodan wrote on May 25, 2012, 11:37:
The stupid thing is the CEO will get a bonus for laying off a tenth of the company. He should get branded as a idiot instead, it was he who could not effectively get those people refocused on something that does make money. Smaller corporations are doing it all the time!

It's a she, and she inherited a very, very broken company that's been run into the ground by very, very bad CEOs that were indeed fired for different things.

Even though I bitch about exactly what you say in another thread, in this case there was probably little option - HP needs to reduce costs immediately if it's going to survive, and this is the only way to do it. The goal is to save 3.5 billion with this and refocus a good chunk of that back into R&D, which many other CEOs had cut prior to this CEO coming, to come up with developments that grow the company so they can hire again.

Cutting jobs isn't always due to greed. Sometimes it's a necessity.
 
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    Date Subject Author
  1. May 25, 11:37 Re: Morning Tech Bits Ozmodan
>> 2. May 25, 11:42  Re: Morning Tech Bits Beamer
  3. May 25, 13:48   Re: Morning Tech Bits SimplyMonk
  4. May 25, 15:28 Re: Morning Tech Bits DangerDog


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