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In 2005, HP’s new CEO Mark Hurd cut 14,500 jobs in effort to “simplify†their offerings. Hurd eliminated a division that sells to business customers and moved many employees from a pension program to a 401(k) plan. HP expected to save $1.9 billion annually.
Although Hurd was criticized for not making fundamental changes to HP’s business model, he proceeded with the cuts...
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In 2005, HP’s new CEO Mark Hurd cut 14,500 jobs in effort to “simplify†their offerings. Hurd eliminated a division that sells to business customers and moved many employees from a pension program to a 401(k) plan. HP expected to save $1.9 billion annually.
Although Hurd was criticized for not making fundamental changes to HP’s business model, he proceeded with the cuts...
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