Thread regarding HP (Hewlett-Packard) layoffs

Cuts before month's end?

Has anybody heard anything about possible cuts before month's end?

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Post ID: @OP+18UaJt2P

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Boise site lease with the state of Idaho runs out in January 2022. HP was to finish their multi year cuts by 2022. Put 2+2 together and you will get your answer. I'm betting they cut bait in June or July. The company hoping the state can reimburse them for leased space left for the 6 months after severing the contract. Pending Idaho governmental agencies move more divisions in to fill up spaces left before the end of the year.

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Post ID: @qzye+18UaJt2P

I have just been informed that I will be WFR'ed with another one in my team in Q2. I was given time to look for other opportunity within HP. So, It is happening...with the re-org the workload is absorbed by the remaining people.

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Post ID: @qlty+18UaJt2P

Cuts will continue just like they have for the past 15+ years. HP lost their product creativity decades ago. Plenty of missed opportunities. A series if books could be made on how poor leadership can tank an American icon.

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Post ID: @jgtg+18UaJt2P

The cuts are coming in Q2 of this year.

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Post ID: @crxl+18UaJt2P

Bonus cut? In 2020 we got the best bonus % since last century, when I joined the shop! No raises this year, but I sold my deferred stock award and still got ahead.

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Post ID: @5yyt+18UaJt2P

pay cut, bonus cut, dividend and share buyback increases to drive up share price ( who benefit you might ask: Hint: who in company gets rewarded with Shares). where do you think all the money came from with Print business suffering yearly—> Work force reduction and pay adjustments.

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Post ID: @1dob+18UaJt2P

Expect cuts to be completed 5 weeks before a quarter's end. That allows time to roll up the reductions for the next quarterly report.

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Post ID: @1frb+18UaJt2P

There were some rumors, but I'd like some confirmation before I start panicking.

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Post ID: @ziw+18UaJt2P

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