From Financial Times (www.ft.com):
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Morale at Hewlett-Packard seems surprisingly composed for a company poised to announce a cost-cutting plan that could eliminate as many as 15,000 jobs, or 10 per cent of its workforce, within the next few weeks.
It would be one of the first significant moves by Mark Hurd since his appointment as chief executive on April 1. For two months he has been studying the challenges facing the computer and printer maker, and devising a plan to wring growth from the group's diverse collection of businesses.
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Releasing employees to save cost: a really good and new idea! What about developing outstanding, innovative, and high-quality products?
Releasing employees always results in loss of know-how, and in such a high-tech business, this may be disastrous. This is short-term money saving, but in a long-term view this strategy will not pay off...
Ciao, Juergen