HP Announces Big Layoffs

Twenty-seven thousand to go.

1 min read
HP Announces Big Layoffs

Today Hewlett-Packard CEO Meg Whitman announced that the company is going to fire or retire 27 000 people between now and the end of 2014. The spin? It's going to use the savings to invest in R&D (no word about whether engineers involved in R&D are among those being laid off). Step #1 of course, will be a permanent replacement for HP Labs director Prith Banerjee, who resigned last month.

The HP announcement states that "HP expects to use the savings to boost investment in innovation around its three areas of strategic focus: cloud, big data and security, as well as in other segments that offer attractive growth potential."

I'd love to hear your thoughts in the comments below.

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
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Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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