July 20, 2005
HP to Cut 14,500 Jobs
CEOs get paid tens of millions. Hard-working employees as usual get the shaft.Striving for Dell Inc.'s efficiency and IBM Corp.'s breadth, Hewlett-Packard Co. said Tuesday it will cut 14,500 jobs and overhaul its retirement plan in a move that all but buries the legendary company-employee bond known as the "HP Way."
