Jul 19 2005 by Brian Amble Print This Article

As HP prepares to lay off up to 15,000 workers worldwide, David Berlind lets rip on ZDnet's "Between the Lines" blog:

I couldn't help but spot the irony in the fact that in the same week that HP announced it would be laying off approximately 15,000 employees, it also announced it would be taking on one new employee who will be getting a compensation package with an estimated worth of $15.3 million per year. If each of those employees made $1020 per year (they don't) and the package was a one year package (it isn't), the "exhange" would have been an even swap.

It will be interesting to see how HP try to spin this one . . .

HP exchanges 15K jobs for new $15.3M CIO