john steinburg. john, good morning to you. cale azzel.hares of hp are doing pretty well after the company said it would cut another 30,000 jobs. this is a larger plan to cut 2.5 billion in annual costs. meg whitman explained those cuts to us earlier this morning on "squawk on the street." take a listen. >> we're excited about the future. these cuts are never easy, but it's the right thing to do because we have to now get to the next phase of the hp journey, and if you think about the cuts over the last four years, they were mostly to help us keep, you know -- get a cost structure in line with the revenue trajectory. we're now saying that revenues will grow next year and constant currency. this now can be about margin expansion, and that's now got to be part of the story. >> as they move a lot of employees to low cost locations. going to give half of free cash flow back to shareholders. she has a good handle on this now. john, her words. what do you think? >> i'm cynical about this stuff, carl. remember when she came in, she blamed mark he

john steinburg. john, good morning to you. cale azzel.p are doing pretty well after the company said it would cut another 30,000 jobs. this is a larger plan to cut 2.5 billion in annual costs. meg whitman explained those cuts to us earlier this morning on "squawk on the street." take a listen. >>