It's funny to see that she doesn't count in term of employees (16000 is not exactly a nice round number), but in billions: Hello board members, you need one more billion, no problem, I pull out my HP calculator... $1B / CostOfOneEmployee = 16000 there we are !
@wilber_xbox i wonder how many more will be affected such as temporary contractors.
Funny you should mention this, back around 2006 I was a temporary contractor for Hewlett-Packard, my 6-month contracts were renewed 3 times because they liked my work. Then word came down from on-high that all contractors were to be let go at the end of their contract periods to reduce expenses. Back to the bread line...
You can never trust the management when they say that the revenues are up or no more layoffs. Only thing that they care about is shareholders or boardmembers to who they have to report and they will go to any extent to satisfy the market.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.