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In the wake of HP's controversial decision to stop production of webOS-based devices, the company is now giving pink slips to its employees who developed these smartphones and tablets.
Read the full content of this Article: HP Lays Off Hundreds of Former Palm Employees
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This is so wrong. They thought that hp was rescuing them. How come CEOs don't get laid off with nothing? Even Borders' execs were getting bonuses after the last store closed, "Here you go. Nice job sticking it to your employees. Here's something to tide you over until you ruin another company."
Couldn't agree with your statement moreQuote:
Originally Posted by r0k
I think that the first wrong step was that Palm itself, as a whole corporation, had put itself in the first place, in the condition of needing to be rescued. Geez I'll never be over it, Palm had everything to keep at the top of the mobile world. Anyway, each of those employees, as common individuals, couldn't have solved what their leaders weren't solving, and then the second mistake was placing execs that after a while were still delivering expectations and not results. I mean, when a ship is sinking, you don't need to bloat how wonderful it would be to build another ship. The third mistake was HP's. I don't buy that crap that all of a sudden HP figures out that mobile is just not a good business. How much did they pay for Palm? Is that what their stakeholders deserve, a hesitation in the order of millions of dollars? I think that such a decision must have met a lot of considerations throughout the recent times until something specific triggered it.
That said, just like r0k I think that the common employees didn't deserve that either. All of a sudden, it comes to me like this was all part of the plan from the beginning. Hey we need to deduct taxes, and we gotta get over with before the yearly report comes in, so get yourself some mid-success thingy that we don't mind cutting to pieces during a firesale. The employees? ah, never mind, that's what they get for keeping themselves as commoners :( Anyway, you and me and the rest of the executive officers, we're getting wonderful bonuses.
An unconfirmed report in the WSJ says HP might dump Leo Apotheker as CEO. Speaking as a webOS user, I can't blame them.
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I heard that as well. Maybe justice will be done this time.Quote:
Originally Posted by Ed Hardy
He's going to prison, too? :cool:Quote:
Originally Posted by r0k
It would be fitting. It would be one thing if Leo had come in with suggestions that HP needed to become SAP, but the fact is he went wide pushing the consumer side (January 27, 2011 E Week article) and then bailed way too quickly, tanking HP's stock price.Quote:
Originally Posted by Ed Hardy
Even if you felt Leo was right about the direction needed for the company, his execution has been awful. Quick action by the board would be welcome, because splitting the company by channel will be an awful mistake and there is too much history around not to believe that.
HP has a bad, bad, bad record with senior management. Carly Fiorina who drove the place into the ground, Patricia Dunn who got dumped for illegal spying, Mark Hurd who got nailed on sexual misconduct, and now Apotheker.Quote:
Originally Posted by Ed Hardy
The only ones who haven't been chased out of town are the interim people, Robert Wayman and Cathie Lesjak.
Why does this behavior remind me of the good old "Greed Is Good" 80s, when corporate raiders would swoop in, raid pension funds and then move on to the next victim - er, um, opportunity? Raider, CEO with golden parachute, tomayto, tomahto ... :rolleyes:
Employees are inconsequential, worth less than zero.
I am disgusted.