![]() Hurd stepped down in 2010 in a dispute over his expenses and his involvement with an HP contractor. She cut more than 30,000 jobs before she was fired a decade ago.įiorina’s successor, Mark Hurd, also lowered expenses through much of his tenure and orchestrated an acquisition of technology consultants EDS that many analysts believe did more harm than good. Fiorina engineered a $25 billion acquisition of PC maker Compaq that angered many shareholders, including heirs of the company’s founders. Things began to change at the outset of this century under former CEO Carly Fiorina, now a candidate for the Republican Party’s nomination in the 2016 race for president. Hewlett and Packard later embraced an employee-friendly philosophy that became known as the “HP Way.” HP’s layoffs have been a demoralizing blow to a company that provided a template for future Silicon Valley entrepreneurs when William Hewlett and David Packard founded it 76 years ago in a Palo Alto, Calif., garage. Jettison empowers your team to establish short and long term recruitment goals and acts as an extension of your organization working to exceed expectations. In an illustration of how far HP has fallen, its job cuts are being made while many other technology companies better positioned to take advantage of the mobile evolution have been on hiring sprees.įor instance, Google’s workforce has swelled by 25,000 employees, or 77 percent, during the past four years. HP has already jettisoned 55,000 jobs during the past few years under CEO Meg Whitman, who will be the leader of spun-off HP Enterprise. The cuts expand upon austerity measures that HP has been pursuing for years to offset the damage caused by acquisitions that haven’t panned out and a technological shift from PCs to mobile devices that reduced demand for many of the company’s key products. Roughly 50,000 workers will remain at HP Inc., which will become the new name for the company retaining the PC and printer operations. The target means 10 percent to 12 percent of the 252,000 workers joining HP Enterprise will lose their jobs as part of the company’s effort to reduce its expenses by $2 billion annually. ![]() The spinoff is scheduled to be completed by the end of next month, dooming 25,000 to 30,000 jobs within HP Enterprise. The purge announced Tuesday will occur within the newly formed Hewlett Packard Enterprise, a bundle of technology divisions focused on software, consulting and data analysis that is splitting off from the company’s personal computer and printing operations. is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its recent history.
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