Thread regarding HP (Hewlett-Packard) layoffs

HP Layoffs 2021

Is there going to be any reorg or HP Layoffs 2021? Any news or rumors?

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Post ID: @OP+184zmWKH

9 replies (most recent on top)

Once again I remind you that EL has publicly and repeatedly stated that layoffs will continue through 2022. To even ask the question is indicative of your cluelessness.

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Post ID: @mjgv+184zmWKH

Print's spike is temporary.

Geez, an incredible company's legacy is printing and Chinese PCs.

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Post ID: @gerh+184zmWKH
Print is dead................ I don't think so.

It still makes money, but from the most recent 8-K statement, printing sales are down 12% year on year. It's a cash cow, but it is shrinking. Printing margins are decent (14.8%) but also shrinking.

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Post ID: @giry+184zmWKH

"print is dead" not according to the latest HP earnings.

Ink sales alone are up 46% this last quarter. People are printing stuff out and buying stuff online which translates to packaging. Yes HP prints out packaging and even pizza boxes. Printer sales broke their all time record of sales this last quarter too.

Print is dead................ I don't think so.

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Post ID: @8wxi+184zmWKH

How many 3 years plans (aka WFR plan) did HP had over the last few years?
The maths is simple, Print is dead like it or not. Huge investment made in Print will take longer or have lower ROI. The simplest way is to cut headcount or outsource to OEM. The latter is tougher since a lot of proprietary stuff. So cutting workforce is a no brainer. PC is razer thin margin business where price competition and price dropped is certain, so consolidation in this market is certain, so end up cutting workforce. Net Net cutting workforce will never ever stop.

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Post ID: @5gxm+184zmWKH

No. There will never be cuts again at HP. Business model is sound and employees continue to innovate and embrace change. I'd buy a bigger house and more stuff and stop saving or looking for a better place to work.

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Post ID: @3rdw+184zmWKH

I consider both of these silly comments. As for workers being asked to take holidays - This is purely so the company are NOT hold accountable for having to payout the holiday later.
Each year is budgeted, therefore IF we take a mountain of so called holiday debt into the next year, this quickly snowballs. Logical really. We should be HAPPY that HP pays the holiday IF you leave. IN many countries this is NOT paid.

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Post ID: @2mtg+184zmWKH

There will always be cuts and more cuts. Company just increase dividend, returning 105% of cashflow from salary reduction and cutting bonus to return shareholders. Reason is simple, boost share price and all C suite get more from share awards. Rest of the employees will stand to lose out

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Post ID: @2wgo+184zmWKH

They are still making cut backs. So far some CW's have to take additional furlough days during the HP end of year shut down. I was told that I have to take 2 more days in addition to the shut down days. Regular employees are taking lots of FTO right now before the shut down. Take that info for what it is worth, to me sounds like more cuts in the future.

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Post ID: @1xan+184zmWKH

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