Would-be Republican governor of California Meg Whitman, a 1% kind of gal, and hence in GOP parlance a rich person job creator, will promote growth in HP by axing 27,000 jobs. She will focus on early retirements, which means the people who make the most money and have the most experience, the people who might still remember the HP way, will get the axe first. And of course, these older employees are more likely to be based in "high cost" locations, such as the US and Europe.
HP engineering, whatever is left of it, had already been wrecked by would-be Republican senator Carly Fiorina years ago, with the same theory. It didn't help HP back then and I don't see how the same formula will help HP now. Profits will of course rise in the short term, but HP's innovation pipeline is as dry as an Arizona desert.
None of this is a surprise. Whitman ran eBay. She knows squat about hardware and has never provided services and software to businesses. Nor has anybody at HP learned anything from Apple. The cuts will drag on for two years. This means, if you have ever lived through one of these things, that people will be focused on how to keep their job, not how to do it. Everybody is a potential enemy. Information will not flow freely, morale will be low, trust lower, and people who can find something better (and thus likely to be of value) will walk away on their own. Somehow, in the middle of this climate, HP is supposed to find a way to excellence.
The problem here is ideology. Zero-sum thinking, lack of imagination, and an even bigger lack of empathy. Meg is worth $1.3 billion. She would need a great deal of effort to imagine herself in the position she is putting her workforce in, but given her ideology, that's the last thing she would do. Whitman, Fiorina, Romney. The formula is always the same. Screw the little guy. If that doesn't work, do it again, harder, ad nauseam.
And when that gets old, run for high office.