The HP Way: The problem is banning the solution
The old HP became a globalized entity, with R&D spread around the world, and sales teams selling into a global marketplace. That HP ran into problems, and hired the wrong person(Carly) as part of applying the wrong solution to the wrong problem. Layoffs ensued. When that didn't work, HP tried again. When the new solution (Hurd) started to treat the rudderless mass of HPs fossilized middle management as a problem, Layoffs ensued. The startled Eunochs of the forbidden city then poured poison into his ear in the night, leading to a new solution(Apotheker). He tried unsuccessfully to turn HP into SAP and shed billions off their stock value. Layoffs ensued. The powers that be then chose another Carly, in the form of former ebayer Meg Whitman, who's main accomplishment seems to be in doing one of the things they fired Leo for.
The claim that cutting remote workers is because the company is in "Turnaround" is funny for a few reasons. The company has spent more years in turnaround since the y2k then not. Another is HP's own statement of "the HP way', which does not state thou shall run the ineffectual middle managers playbook from 2002.
For giggles: The HP Way
1. We have trust and respect for individuals.
(But not enough to trust remote workers to log into an online meeting on-time)
2. We focus on a high level of achievement and contribution.
(But put the company in the hands of those with a track record of underachievement)
3. We conduct our business with uncompromising integrity.
(Firing Hurd was uncompromising, but HP has had its ethical conundrums, like surveilling employees)
4. We achieve our common objectives through teamwork.
(But only if it happens in the same office as management, which fears phones and webcams, See #4)
5. We encourage flexibility and innovation.
(Like you being flexible about the drive in when we hired you to a telecommuting position)
Oh, and spare yourselves the legal headaches HP, this post wasn't sent from Palo Alto, call the molehunters off.