[Info-vax] HP to axe 30,000 jobs to cut costs

[Arne Vajhøj]

On 5/19/2012 1:13 PM, JF Mezei wrote:
> Arne Vajhøj wrote:
>> Other sources say 25000.
>>
>> But Meg seems ready to act now.
>
> Anytime a CEO announced future job cuts with high and rounded numbers,
> it is bad news. Bad news because the cuts are dictated by the top
> irrespective of staffing levels that are really needed.
>
> I much prefer a CEO who announces "during the last quarter, we have
> looked at efficiencies gained by the merging of the PC and printer group
> and have been able to eliminate just over 5000 jobs."
>
> Cutting jobs for the sake of cutting jobs (aka: please wall street
> casino analysts) generally does nothing to rebuild the company because
> such cuts often affect the company's ability to keep quality/service and
> R&D intact.
>
> And a CEO imposing such job cuts on his/her company usually means he/she
> doesn't trust the VPs and managers to identify redundant jobs that could
> be cut. This should be a continuous process, not a "spring cleanup,
> we'll cut 25k jobs" that happens once every year.

Where did you read that the number was decided by Meg and flowing down
and not an aggregate of numbers flowing up to Meg?

Arne

PS: And with dropping revenue I can not really see not reducing head
     count as an option.