HP to cut 27,000 jobs

[Egalitarian Thug]

9. HP's death spiral began when they got rid of the geeks and replaced them with MBA's.

I worked for them several times over two decades and saw the disintegration progress. In short, they have contracted out 98% of their actual work while spending all their time trying to manipulate the stock price. They don't do anything because it is a good idea or that it will benefit customers or employees any longer. Every move they make has only one goal, move the stock price up and suck the company dry.