Hewlett-Packard (HP) CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target.
HP last May announced plans to reduce its workforce by some 27,000 people out of a staff of 350,000. The company is using layoffs and early retirement incentives to reach its goal by the end of next year.
At the Morgan Stanley Technology, Media & Telecom Conference this week, Whitman talked about the challenges and opportunities at HP, but also praised a predecessor, former HP CEO Mark Hurd, for some of the steps he took.
Whitman said that something that Hurd did "very well" was to centralize global functions, including human resources, information technology, finance and legal. "Kudos to Mark Hurd for doing that," she said. Read more...