H-P's (HPQ) layoffs are being conducted on the basis of salary and aren't weighing factors such...
Thursday, May 24, 2012, 6:31 PM ETH-P's (HPQ) layoffs are being conducted on the basis of salary and aren't weighing factors such as skills and performance, upset employees tell BI. It's also claimed cronyism is playing a big role in the layoff decisions. Deutsche's Chris Whitmore notes past restructurings have done little to improve's H-Ps competitive positioning, or cut its dependence on weak markets. 9K of H-P's 27K job cuts will occur this fiscal year, and result in $400M in cash charges. (more on HPQ)
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