The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and chief technology officer Jeremy Phillips discuss topics across the investing world.
Reports surfaced last week that Hewlett-Packard is set to lay off 25,000 to 30,000 employees. While this would represent a less than 10% cut in head count, Bloomberg reports that up to 15,000 of these workers would be from the enterprise services group. This would come after HP's 2008 acquisition of Electronic Data Systems for almost $14 billion, which is included in that group. In this short video, Jeremy and Eric discuss whether HP’s binge and purge strategy has permanently damaged the company, or if it can recover and once again become a leader in the technology sector.
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Eric Bleeker owns shares of Cisco Systems. Jeremy Phillips has no positions in the stocks mentioned above. The Motley Fool owns shares of International Business Machines and Oracle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.