HP threatened to continue firing personnel
Mark Hurd, chairman and chief executive, said the HP giant "is far from cutting off unnecessary expenses" and threatens to continue to cut staff in the near future.
Since taking the top position at HP 20 months ago, Mr. Hurd has been very aggressive with cost-cutting and system-abridged plans, the most notable evidence that HP has just laid off more than 15,000. employees across the globe.
Mr. Hurd's drastic and aggressive actions helped HP raise its profit to $ 6.8 billion on a total of 91.7 billion in revenue this fiscal year. However, " everything is the first stage ," Hurd said.
Source: ChicagoTimes
" Everyone said," You have to do business more effectively, "but I wish it would be as easy as saying it. We still have a lot of things to do ," Hurd said.
Under the command of Hurd, HP is rechecking all the most expensive output costs, from per capita IT costs to the shipping costs of each product. All are placed on the board of leaders so they decide what needs to be cut and where to invest more.
" I am satisfied with the overall progress of HP in the past year ," Hurd said, never mentioning the eavesdropping scandal that caused the company to struggle during the fall of 3 months this year.
According to Hurd, HP will only focus on organic growth at this time. The company will not make money for large acquisitions, except for a few rare exceptions such as the acquisition of Mercury Interactive for $ 4.5 billion.
But HP still has moves that surprise people. Just this morning, the giant bought Knightsbridge Solutions Holdings, a service firm specializing in data integration, enterprise data storage.
But despite firing, cutting costs, or acquiring money from another firm, Hurd's number one priority is still to boost HP's revenue. " In the past, for a long time, we pursued the theory that if there is good technology, consumers will find themselves. But now we have a new, more advanced theory: If you're real. sales effort, you will have more sales ".
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