Someone Has Domain for Carly Fiorina’s Name and Is Pretty Upset with Her Layoffs

It is unpopular because the average employee being laid off will have had much less influence than a CEO on the reasons that ultimately led to the (necessary) measure, but he/she will be the one facing the consequences.

The worst that can happen to unsuccessful CEOs is being replaced (IF the situation does not improve after the layoffs) while netting a generous severance pay.

I agree that rationally such backlash it's unreasonable, but humans are not rational beings, especially when perceiving something as unfair.

I agree that sometimes it is necessary to lay off employees for the good of the company. But Fiorina is widely considered to have been a complete incompetent as CEO, of which the layoffs were a symptom, and she was fired by the board of directors. That's enough for me to consider her with extreme skepticism. I must also say that I'm not impressed with business school-grad tech executives who don't know anything about coding or hardware, especially if they're also proven incompetents.

It's a bit hard to answer this on mobile and get all of the links in, but there was quite a bit of controversy around these lay offs. The first was that she ordered the layoffs but reopened the same number of jobs in foreign countries, and in many cases more jobs. The work force of HP actually grew significantly over her tenure, just with cheaper foreign labor.

This is in contrast to Meg Whitman who, during my personal tenure at HP, laid off far more employees than Carly. Meg though did not try to add back head count in a cheaper way. She was just reducing the work force, which was needed. When I started HP had 360,000 employees, post Carly. (Disclosure: I was laid off from HP during a Whitman lay off).

The other thing which made Carly's lay off controversial was that they changed HPs technical ecosystem pretty significantly. For most of HPs history they had been giving employees significant amounts of equity in the company. When Carly came in there were high ranking technologist with quite a bit of voting ability due to their stock holdings. This put a real cramp on the executives ability to make decisions without those pesky engineers using logic to ruin it. When she first came in, for example, she couldn't get board approval to lay people off.

To solve the problem Carly did two things. First she diluted the value of the existing stock by merging with compaq. After that the existing power that the engineers held was diluted enough that she could make the decisions she wanted without as much problem.

This is where the quote having to do with laying people off quicker comes from. She really had to work for those lay offs by restructuring a company first. Another often heard comment from her was that a business as big as HP should never be run or managed by engineers... We have MBAs for that.

She was not well liked.

Fiorina is known for leading the acquisition of Compaq Corp. in 2001 in the largest tech merger in history. In doing so, she would show cost savings by layoffs of a certain chunk of employees. "Cost synergies" was the label. I think the expected number at the time was around 10k. http://www8.hp.com/us/en/hp-news/press-release.html?id=23061...

In the next 4 years, Fiorina would sell off the printing business (which had higher margins) and double-down on the PC business (with lower margins.) Timing as it was, the dot-com bubble burst which affected every hardware maker (since tech companies needed to buy hardware to operate.)

She basically made the absolute wrong bets, and as a result many jobs were destroyed. Between HP and Compaq, the collective companies lost more than $13 Billion in shareholder value. Other companies did at that time as well, but HP was by far the worst.

When tracing the history of HP performance during Fiorina's tenure as CEO, she is arguably one of the worst who has ever guided a publicly-traded US company. A simple before-and-after of the company's position from the day she took leadership until the day she left is not a pretty picture.

I noticed that too, I wanted to see if he had marked-uped 30k unsmiles or if it was a script that printed them.

Credit link to the original sheep in CSS too.

I can't wrap my head around the fact that I actually believe this is a reasonable way to visualize the data.

That is all it is. His twitter feed consists nearly entirely of retweets promoting Democrats and smearing republicans.

Layoffs are political, too. Any time someone's income or power is affected, it's political. It's a rather large scope.

.org is a pretty big sign, though.

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