Jobs Failures

Millionaire Fiorina Called the Outsourcing of American Jobs "Right Shoring"

January 9, 2004

The San Francisco Chronicle reported, "Labor unions have battled 'offshoring,' which Fiorina calls 'right-shoring,' for decades, he said." [San Francisco Chronicle, 1/9/04]

Fiorina Laid Off Nearly 18,000 HP Workers During "Restructuring"

September 23, 2003

"Hewlett-Packard, based in Palo Alto, Calif., had a $ 903 million loss on revenue of $ 56.6 billion for its fiscal year that ended last Oct 31. According to a summary by Hoover's Inc., an Austin, Texas, provider of business information, Hewlett-Packard has undergone extensive restructuring under Chief Executive Officer Carly Fiorina. The company announced earlier this year that it planned to cut 17,900 people by October because of a weak economy and its merger with Compaq." [Omaha-World Herald 09/23/2003]

Fiorina Suggests Her Biggest Mistake Was Not Firing More People More Quickly

February 7, 2005

"Fiorina does not agree, naturally, that there's been a brain drain (at HP). In fact, she believes that one lesson she's learned while running HP is that she should have moved more quickly in ejecting certain people. Smartened up now, she says, 'I would have done them all faster. Every person that I've asked to leave, whether it's been clear publicly or not, I would have done faster.'" [Fortune 02/07/2005]