Thread regarding HP (Hewlett-Packard) layoffs

HP needs to move to the WFR process

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 makes no sense to keep people around when there is no value to their work. Couple this with several facts and you can see the point:

1). 3D and Industrial print are the future. Or so the thinking goes, so all investment is channeling there.

2). The declining Traditional print market is not something HP wants to fund. If you are in this business your ticket is about to be punched, especially if you are in the USA. All future A3 and A4 activity will be in Singapore or South Korea. OR see #3:

3). Some sort of Xerox/HP deal WILL happen. Regardless of the particular structure, tens of thousands of employees across both companies will be axed. Any remaining business will be subject to #2 above.

4). The infamous HP/Compaq acquisition was one of HPs largest mistakes. Although the PC aspect of HP generates income, it is basically a commodity product and is inconsequential to the discussion. PCs will either shut down or be spun off to Lenovo.

5). Summary: Tradition office print and PCs are past their prime and do not generate enough profit to warrant the investment. Both businesses are being cut out of HP and everyone connected to them is walking on very thin ice.

Bumped from @12UCfvkb-4fwq.

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Post ID: @OP+130vzB17

8 replies (most recent on top)

I think we got it. You can stop posting in every thread.

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Post ID: @8xrz+130vzB17

Useful info from former employees at http://www.hpalumni.org/asap

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Post ID: @8kxh+130vzB17

" ... PCs will either shut down or be spun off to Lenovo. "

I don't think this is viable. I don't believe the HP brand is worth anything in the long run without HP behind it. If HP stopped building PCs today Lenovo could just ramp up production and backfill a fair chunk of the market. HP could have done the same thing with Compaq. Let it fail and take market share. They didn't really need the company although it did help having bodies to keep things going while it transitioned.

But given HP's history post 2001, who knows. Anything is likely.

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Post ID: @5jxu+130vzB17
The infamous HP/Compaq acquisition was one of HPs largest mistakes.

You mean CF's biggest mistake. Even Walter Hewlett tried to stop it.

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Post ID: @3haw+130vzB17

So the original OP did not get get enough attention on this post on another thread, so he/she copies and pastes it here to start another thread............lame.

Also, the OP is so wrong on the justification of the products and cannot really be currently working at HP but reading outside press and commentaries from fund managers and investors.

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Post ID: @1ldq+130vzB17

EER = Enhanced Early Retirement
WFR = Work Force Reduction

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Post ID: @tna+130vzB17

Lil help on the acronyms: 1) EER 2) WFR.

Thanks.

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Post ID: @sxu+130vzB17

It’s a JOB, people. It’s EMPLOYMENT. In this economy if you want to be employed you certainly can be and it’s fairly easy. Y’all are talking like it’s the Great Depression or something and if HP ceases to employ you you’ll have to go live under a bridge and eat dog food. Sheesh.

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Post ID: @vts+130vzB17

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