Great businesses evolve. Apple is now a phone company. Amazon is the Internet’s big box store. IBM is a global IT consulting operation. And Hewlett Packard is…Well, the once-great company that historically defined Silicon Valley itself is now a Layoff in Search of a Strategy.
So where can it now look for that elusive strategy? Like any troubled company that makes wholesale job cuts in order to recover profitability or enhance market position, HP would do well to revisit how, in the early 1980s, Jack Welch, the legendary General Electric CEO, tailored a massive reduction-in-force to directly serve a growth agenda that veritably redefined one of the world’s top corporate brands....