How HP Tried To Disguise Laying Off 9,000 Employees
HP issued a press release today, titled, “HP to Invest $1 Billion to Launch New Era of Enterprise Services.” That certainly sounds like good news, right?
However, if one looks a bit closer, buried in the release is this statement:
As a result of productivity gains and automation, HP expects to eliminate roughly 9,000 positions over a multiyear period to reinvest for further growth and to increase shareholder value.
Any reporter worth their salt knows that the real headline here is that HP is will layoff 9,000 workers, as opposed to the $1 billion investment.
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