I'm seeing work slow down because of layoffs and good engineers fleeing to greener pastures. If we can't fulfill our contractual obligations, we will lose this contract - how does that help the business? Even worse, one of our managers let slip what we were losing at the beginning of the year due to poorly negotiated contract terms; there was a turnaround at the end of the year (apparently we are now making a slim profit), but even if HP laid off every single engineer and support person servicing that contract, they wouldn't have covered the losses. WTF is that all about?
Basically, the problem is that the sleazy sales execs who negotiate these crappy, low-profit (or in our case, no profit) contracts, often using inside information (which us peons are forced to learn every year is wrong in our Ethics training, but execs must be exempt) get a win, take their big fat bonuses, and then quickly move to another company when their malfeasance is exposed. Layer on top of that an org chart that is thick with overpaid managers and executives, and you've got the bloated entity that is HP (in particular, HPE).