Several analysts on the call asked about the layoffs. Although Whitman seemed slightly off balance at the first question, which took an unusually challenging tone, she quickly regained her footing and provided increasingly confident answers, including the following:
This company has been through a lot -- the acquisitions of Compaq and EDS, the acquisitions of 11 to 20 software companies. Part of what we are doing is integrating, streamlining the system, automating processes which have not been done in a while
No company likes to decrease the workforce. I think our employees live it every single day. Our employees know we can be more efficient. They are our biggest sources of ideas.
I don't think anyone likes this, but I think we've done a good job of explaining where we are at.
My outlook has actually not changed in where we are at in our turnaround and our return trajectory. I'm feeling more confident because we have seen a stabilization of revenues and I really like our product road maps.
Many people said this is the best product line up we have had in a decade. We need to run this co more efficiently in terms of ease of doing business and being faster, nimbler in decision making.