HP to slash workforce by about 10 pct

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“They’ve gotten themselves in fighting shape here,” said technology strategist Caris & Co. analyst Mark Stahlman. “I think this is going to give a big boost to morale internally.”

“big boost to morale”? This is code-speak meaning “big boost to the stockholders”. Another example of the tail wagging the dog. Stock prices are the main product of public corporations and CEOs get fired if they don’t hit price points for their stock.

Where is the discussion on how the cut in the workforce will help HP deliver better, more innovative, more profitable products? They are a technology company right? Their products are technology related, right? … or is it just stocks and stock prices?

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