Bottom Line Trumps Ideology
The high-tech world has
been pining for a "New Paradigm," and the HP-Compaq merger is set to provide one.
Unfortunately, it is a new approach to layoffs - they'll be passing out pink slips
to entire design teams rather than redistributing the talent. Using a method dubbed
"adopt and go," the staffs of operations for the combined company's best products
- as identified by a 900-person transition team - could increase 10% to 20%, while
most employees would be laid off at product groups that are not on team's list (an
estimated 15,000 people). Ouch. So at HP, your future will depend not so much on
your individual performance, but to which team you belong. This doesn't quite square
with HP's proclaimed policy of inclusiveness and diversity. When it comes down to
the bottom line, even the most liberal of companies become free-market practitioners.