Quote:The spinoff is scheduled to be completed by the end of next month, dooming 25,000 to 30,000 jobs within 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.
Despite the upheaval, HP remains one of the world's biggest technology companies. HP Enterprise expects to have more than $50 billion in annual revenue.
In essence, they already have $48 billion in revenue but are going to cut 30.000 MORE jobs to have $50 billion in revenue. (HP had already cut 50,000 jobs under Whitman and another 30,000 under Democratic candidate Carly Fiorina.
What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice