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Cost of Meg Whitman: 88,300 Jobs Gone at HP

As the current Hewlett Packard management is proceeding with the company split into two divisions, a move started-and-stopped under the previous management, more jobs are getting cut as the company wants to ‘maximize the shareholder return’ and reduce glut which is somewhat inevitable in an organization that currently employs more than quarter of million people (September 2015: 302,000 employees worldwide). The company management lead by Margaret Cushing ‘Meg’ Whitman claims the latest round of cuts will reduce in a one-time charge of 2.7 billion USD, and produce annual savings in the same range. Two billion dollars are to be saved in the Enterprise division, while the ‘PCP’ division should save 700

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