It’s a cram-down, Silicon Valley style. Hewlett-Packard CEO Mark Hurd announced a restructuring (read: mass firing) today.
Among the components of the bold visionary plan: simplifying H-P’s structure, cutting 14,500 jobs, and changing the company’s retirement plans “to better match industry benchmarks.”
(Via Daniel Gross.)
Then the perspective: I flew on America West the past week, and the entire company employs 14,000 people. So that’s the equivalent of a major company wiped out in a stroke. Yikes.
Just one of those oddities of scale. Don’t mind me.