hewlett packard - 1 Hewlett Packard GVSU [Type the document...

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1 Hewlett Packard GVSU [Type the document title] [Type the document subtitle]
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Lauren Hanrahan [Pick the date]
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3 Hewlett Packard Company Background Hewlett Packard was founded in 1939 by William Hewlett and David Packard; it was later incorporated in 1947. With headquarters located in Palo Alto, California, Hewlett Packard is one of the largest providers of many technologies such as laptops, desktops, digital cameras, printers, smart phones, and various software and support programs. The technological industry is rapidly growing and introducing new technologies. Hewlett Packard actively strives to keep up with that. Hewlett Packard is ranked second in the computer hardware industry in terms of sales; right behind International Business Machines. The company’s revenue for 2010 reached just over 123 billion dollars (Yahoo Finance, 2010). Considering that Hewlett Packard is a very successful and powerful international company, I am choosing to explore HP at a more national level. Introduction Stated in Hewlett Packard’s goals is the comment, “We demonstrate our commitment to employees by promoting and rewarding based on performance and by creating a work environment that reflects our values” (Saunders, 2009). The economic recession that took place only a few years back really had a negative effect on American Businesses. It is difficult for a company as large as Hewlett Packard to continue to make usual profits during hard economic times, particularly between July, 2008 and June, 2010. Hewlett Packard is a major supplier of products to companies rather than individuals. They mainly supply technical support and PCs to large companies around the world. When the recession took its toll on many large companies, these companies were not in the financial position to buy various Hewlett Packard products. To prepare for this rough patch, HP had to do
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4 Hewlett Packard some serious brainstorming in order to remain successful. To profitably survive the recession, Hewlett Packard’s then CEO, Mark Hurd decided that a major cut in employees and salaries would be the companies’ best option in order to profitably come out of the recession. Impact from Economy At one time before Carly Fiorina and then Mark Hurd were hired in at CEO, HP was known for its warm, supportive and family-like culture. After Fiorina and then Hurd took over, that entire reputation was destroyed. HP has now made employees one of their lowest priorities. According to various sources, Hewlett Packard has not been an ‘employee friendly’ company in several years. Some have said that employees are treated as costs, rather than assets. They are receiving low performance-based pay, forced ranking, and layoff threats all in an attempt to get employees to work harder. Salaries were dramatically cut across the company, as well as employees that had been working there for years. The company provides close to zero rewards for positive improvement; the employees of Hewlett Packard have been slowly run down into the
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hewlett packard - 1 Hewlett Packard GVSU [Type the document...

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