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.