http://www.marketwatch.com/story/hpe-falls-after-detailing-outlook-reorganization-plan-2017-10-19
Hewlett Packett Enterprise Co. HPE, stock dove more than 4% Thursday morning after laying out its plans for the rest of this year and the next at an Analyst Day meeting Wednesday afternoon. ...
The reorganization is widely believed to involve thousands of layoffs; HPE did not reveal cuts it may plan, but said the plan will drive savings of $1.5 billion over the next three years.
A company's one and only priority is to increase shareholder value.
Problem with this is that you cannot do that long-term unless you take care of the customers and employees. Or like Sir Richard Branson says: "We take care of our employees because they take care of our customers".
What I see is short-sighted "strategic" thinking so far. Will this now change or will it be another round of layoffs not doing anything about bloated processes and not taking care of the employees. Remains to be seen. First time in my 25 years (and 2 employers) career I see a real risk of being laid off. Not that I would be sad to go.
This totally! It all started when she succumbed to pressures by investors to break HP up and kicked it off with the HP-HPE split. She's been destroying HP ever since that was announced.
HPE has a love-hate relationship with Wall Street. They love when HPE announces dramatic cost cutting initiatives (closures, consolidations, big layoffs numbers, etc.), but they hate when HPE puts a lot of effort in designing a revenue-generating strategy (which always look good on paper and slides) and then fail to execute miserably again and again. The only promise Wall Street still belives from our CEO is that the investors will make some money out of the beaten stock.
That’s the whole issue about Whitman. Her focus has never been the customers, or the future of this Company (no matter how many times she tries to make us believe otherwise). The ONLY thing she cares about is the investors. Each single move on her side is focused on that, and that is precisely why we have lost completely the credibility of the customers - which are leaving like crazy to our competitors. HPE lost its focus on the customer looooooong time ago. She will be remembered in history as the executioner of the Hewlett and Packard legacies. Shame on her...