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The company will trim about 8 percent of its workforce over two years.
The former eBay chief executive was voted in by the HP board after markets closed today.
"We are no different than printers or laptops, just covered in flesh."
Former HP chairman and CEO Mark Hurd taking the job.
She's appeared on movies like "Intimate Obsession" and competed for Mark Philippoussis's heart.
The company will entice women with Manolos and mini-catwalks.