Anyone know the details on the package ? Thanks
Topics regarding layoffs at HP (Hewlett-Packard)
Considering the overall attrition goal, the EER take rate is rather insignificant. So HP now needs to move to the WFR process. Yes, 2020 will chop the bulk of the 9000 as soon as possible. And from the company perspective the sooner the better. It... — read more
HP told Xerox to go pound salt. Yep they turned down the offer again. https://investor.hp.com/news/press-release-details/2020/HP-Sends-Letter-to-Xerox/default.aspx
I guess that way too many managers took the early retirement offer. Now HP is hiring a boat load of managers - in print. Also, many of the production crew in print took the offer too. Those positions are now being filled with CW's. It looks... — read more
Management informing employees of d-day happening next Monday amongst print. Will be 10% of workforce. Several around me hit.
Money talks. Xerox got the needed funding to acquire HP. History tells that shareholders' more than welcome this kind of short term gain for them, so it's now just a matter of time. Any move on HP side to block it will be driven solely for seeking... — read more
I'm pretty sure nobody is actually surprised by this news. This just has me extra worried for the next... — read more
Xerox is disintegrating internally at an accelerating rate. The CEO is funnelling as much money as legally possible to Icahn while the core business and sales are unsupported. No layoffs this quarter because too many people quit. There are hundreds... — read more
I guess that HP is doing better, financially. I was just informed that the 5 furlough days to be taken by CW's before the end of January 2020 have been canceled. Not just my agency either, others are reporting the same thing.
https://www.nessancleary.co.uk/xerox-to-close-impika/ A well researched and largely accurate summary of what transpired between Xerox and Impika. This is a recently departed Xerox employee posting on HP's page. To be informed is to be... — read more
Xerox lost its fight to keep corporate raiders from breaching it's defenses due to some self-serving moves on the former CEO's part. Now those same C-Suite servants of Icahn are tasked with parlaying their temporary gains at Xerox to much higher... — read more
Xerox taking over HP? Go to the Xerox page on this site and read the posts. What's striking is the vitriol and absolute loss of decorum. I'm reminded of the great zombie movie 28 Days Later. The virus will spread rapidly through HP if Xerox breaks... — read more
Many CW's are reporting that their agencies have been requested by HP to take an additional 5 days off before the end of January. This is in addition to the 2 week shut down that all of HP has at the end of the year.
The hostile takeover chats on here were both deleted all if a sudden....
Don’t let Xerox take you over. I worked for them for many years and I now work for an HP dealer. Sales are drastically picking up as customers like HP copiers and people are becoming aware HP is in the A3 market. Be patient and HP will succeed. A... — read more
If the market makes a turn soon, do you think there will be HP Layoffs 2020? Any news or rumors?
To all current HP employees, please aggressively look for opportunities outside of the company. Be willing to take a slight pay cut or fewer benefits if necessary. Trust me, taking the risk of changing employers will only benefit you long-term. There... — read more
Take a look at Conduent. Xerox bought ACS to expand services. Icahn spun it off after raiding Xerox to form Conduent. Now it's buried in debt. All Xerox employees that transferred are long gone. We are living through the final chapter of the HP &... — read more
I just went through the Xerox page on this forum and now I'm regretting that big time. If we thought things are bad here, there they seem to be at least two times worse. Now I'm left praying that this whole acquisition doesn't go through. Who... — read more
The HP employees who remain after restructuring will have to accept Xerox benefits.
Everyone that applied for early enhanced retirement was approved. The deal was great and if you didn’t apply you miss a great opportunity since layoffs are coming after EER
I feel sorry for all the employees of HP. Our leadership team exists only for the short term goal of funneling money to Carl Icahn. The office is ruled by apathy and despair. Don't need large layoffs because people are quiting in large numbers every... — read more
All employee meeting is this Friday morning. Let's see how many hints are dropped as to what is shutting down.
Mark Hurd, Oracle CEO, has died: https://www.cnn.com/2019/10/18/tech/mark-hurd-dead/index.html
All print R&D and QA is shutting down. Moving elsewhere. Anyone in the US better start looking....it's shutting down faster than anyone thought.
3 people in my department are taking the early retirement package. They will leave in February 2020. The retirement age was lowered to 50 for this round of offers. It use to be 55. It may start looking like a ghost town around here next year.
What are the chances that these layoffs are tied to the increase of H1B denials?
Commenter on another thread said Boise will be closed by 2022. Is that insider info, or just speculation?
it's no wonder HP is in trouble again.
Any idea which teams would be impacted by WFRs
The guy leading the failing printer business is replacing DW. Hmm, maybe DW was asked to find a health issue he needed to address? Maybe EL wasn’t being allowed to take these new “ bold and decisive” steps? People are usually replaced in these... — read more
Rumors of Building 65 closing. Only one year left on lease. Remaining folks will move into Building 61. Guess where that will go....
Here we go again. It never stops. They will now increase executive bonuses, starting with Lores and Fieler. I'd bet it'll be 9,000. We'll see what happens. HP to slash 7,000 to 9,000 jobs over three years as part of major restructuring ... — read more
HP just announced yet another round of layoffs. This has been going on for at least 10+ years now. The company that use to be the fore runner in new innovations is now just a producer of laptops and printers. Here are my ideas for HP to become... — read more
Hearing of rumors of wage freezes in print. How true is that?
Random question. How many HP sites have been shut down permanently?