The H-P way: Fire top managers
Carly Fiorina, the chief executive of computer maker Hewlett-Packard, pledged to fire top managers yesterday after announcing poor results that sent the shares tumbling. -- report in the Daily Telegraph today.
Telegraph | Money | HP heads 'to roll' after poor results
I wonder how such public news of the CEO's intentions just two days after H-P's financial results were announced will affect employee morale at H-P. That is still in recovery mode two years after the turbulent acquisition of Compaq that resulted in wide-ranging layoffs around the world.
But it looks like some top managers are already making their own decisions. The Wall Street Journal reported on 11 August that the senior VP and general manager of H-P's mobile-computing global business unit resigned on Monday to join Dell as the third senior VP in a group overseeing Dell's product planning, design and creation.
The Wall Street Journal said that the worldwide notebook PC business is the fastest-growing part of the PC market, with unit shipments increasing 27% last year, according to market watcher International Data Corporation.
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