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

[JF Mezei]

Arne Vajhøj wrote:

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

Headcount reductions announced just ahead or part of financial
statements are done from the top down. The CFO tells the CEO that to
save X million in payroll, they need to cut 25,000 jobs.

The problem is that often, at that level, they don't really know what
the impact of those job cuts will be and as was the case with Digital,
it made things worse.

Whitman inherits an HP that was wounded by Hurd making too many cuts,
and now she does the same.

I have no problem with a CEO that states at a financial report:

"In the past quarter, we have identified 12,197 jobs that were no longer
necessary due to streamlining of processes and removing duplication of
work. "

I have a problem with making promises to cut a large number of jobs
because those cuts oten aren't the result of improving processes, they
are just managers told their budgets are reduced and to select X number
of employees to be fired.