HP Lays Off 27,000

They say that it will save $3½ billion annually, but less than a year ago, they dropped more than $10 billion on stock buybacks.

In America investing in your business is for punks. You buy back stock, and fire people, and use the stock bounce to justify your outsize year end bonus.

It's f%$#ing how quickly sales weasels and financial types can destroy a business previously run on technology and innovation.

H/t Atrios.