HP to sack 30,000
Hit by a declining PC market, HP is to sack 11,000 people in 2014 representing 11% of its workforce.
In December the Unite union said that HP is ‘addicted to a culture of job cuts.’
In May 2012. CEO Meg Whitman, then 8 months into the CEO job, sacked 30,000 people representing 10% of its 324,000 workforce.
Whitman, reputed to be a billionaire on the strength of ten years as CEO of ebay bought Skype during her time at ebay.
The $2.5 billion purchase price was later written down to $1.4 billion.
In 2010, Whitman lost a bid to be Republican Governor of California.