In the wake of a weak Q2 earnings report, HP has announced it will eliminate 11,000 to 16,000 jobs. The news was a blow; it was only two years ago that HP announced it would undergo a massive restructuring to move away from its PC roots. As part of that effort, it planned to eliminate 34,000 jobs. While the extent of the cuts was a shock, the company was bolstered by its then relatively new CEO Meg Whitman, who had taken the helm in late 2011 amid predictions that she would act boldly to turn the flagging company around.
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HP's Whitman Pulls Out the Chain Saw
Posted by: Erika Morphy May 23, 2014 02:58 PMIn the wake of a weak Q2 earnings report, HP has announced it will eliminate 11,000 to 16,000 jobs. The news was a blow; it was only two years ago that HP announced it would undergo a massive restructuring to move away from its PC roots. As part of that effort, it planned to eliminate 34,000 jobs. While the extent of the cuts was a shock, the company was bolstered by its then relatively new CEO Meg Whitman, who had taken the helm in late 2011 amid predictions that she would act boldly to turn the flagging company around.