Thread regarding HP (Hewlett-Packard) layoffs

Recession Coming, Look out HP!

Economists all agree that we’re well on our way into a recession, and everything we’re seeing with the high inflation and stock market drops bear this out. This is going to take a toll on hiring and could especially lead to more job losses in the tech sector.

Better keep your resumes current and expand your skills, because HP is going to get hit hard by the looming recession. If you think that your job at HP is 100% safe, you are fooling yourself. We all know that HP has a well known history of doing WFRs at the drop of a hat. Tough times could be ahead.

by
| 2464 views | | 16 replies (last )
Post ID: @OP+1hki8GH6

16 replies (most recent on top)

I can confirm first-hand the comments made by the other poster about transfers in HP. When I got WFR'd 3 years ago I had 60 calendar days to find another position in HP if I wanted to return to HP, otherwise (as stated in my WFR letter) by corporate policy I could not be rehired by HP after that, ever!

After my WFR date, I had former HP colleagues help get my resume and cover letter to hiring managers (they found the manager name internally from the req# I applied for online), and that's when I found out that I could not be rehired into a position that was below the level I was at before I got WFR'd. As I had been in a master level position when I was ousted from HP, it greatly limited my job options as there were very, very few positions available at that level or higher that I was qualified for. Effectively HP was squeezing me out, due to the expiring 60 day time window plus my greatly reduced job options due to my master-level position I had been at. This whole process, very frustrating and pressured as it was, showed me that the idea of the "HP family" as we always heard as employees was a GREAT BIG LIE as no "family" would dump out someone and literally shove ther door closed behind him.

I ended up finding no HP position after 60 days. But I will say that I found a significantly better job a few months later, one that is in a growing company with generous annual pay raises and huge bonuses, but most importantly it is just a better place to work than HP. So if you get WFR'd, be assured that there are much better jobs out there than trying to stay with HP.

by
|
Post ID: @tkks+1hki8GH6

For those of you who think you can just easily transfer to another position in HP, be aware that there’s a corporate requirement that you can only be considered for a position at the same level or higher than your current position. So if you’re already in a Master-level position, you will not be considered for anything below Master level, regardless of you being qualified for these other positions. Also, once you’re targeted for WFR you are given only 60 days to find another job in HP, otherwise you are out AND you cannot be considered for rehire by HP ever again! HP is ruthless.

These requirements are ways HP can get people out, especially those in the higher paying positions. HP is certainly no sweetheart when it comes to layoffs.

by
|
Post ID: @sdoa+1hki8GH6

Tech companies all over are hiring freezing. Dell just did. I was close to an offer there. Microsoft has frozen a lot too. Had an interview there last week.

Reading the blind google is slowing down. Meta and Apple too. Amazon seems to be the only one still hiring strong.

by
|
Post ID: @ptqy+1hki8GH6

With recessions, IT spending and job reqs are two of the very first things to be frozen by most businesses. So don't be surprised if it will be harder to find open IT and PC/Notebook positions in the last 3 months of this year. I suspect that HP will also begin to freeze many reqs.

by
|
Post ID: @okby+1hki8GH6

Just got notice of the 10 day furlough to start next week. Another one is in the works for September. For CW's only so far. Not sure about the regular employees yet.

by
|
Post ID: @lzli+1hki8GH6

This recession, honestly, should be expected. Covid allowed an unprecidented amount of demand. That momentum in growth would have caused a severe resource issue had it not happened sooner.

Supply shortages will finally take a breather, even if investors like to pretend that growth is always infinite and get upset as soon as there is one bad quarter.

I'm confident Dell, Apple, everyone is going through the same thing.

by
|
Post ID: @ldqt+1hki8GH6

"1o days furlough for contractors in July and August. Mandatory 4 Fridays off for the regular folks."

Nothing like that at my location. Where is that happening?

by
|
Post ID: @iboq+1hki8GH6

Run! Your hair's on fire!

Days without pay is better than no pay.

by
|
Post ID: @htaa+1hki8GH6

1o days furlough for contractors in July and August. Mandatory 4 Fridays off for the regular folks.

by
|
Post ID: @cezi+1hki8GH6

There are lots of lemmings at HP who are willing to go over the cliff with the company. Rather than being proactive now and looking for other work, they think that all is well with HP and that they’ll never lose their jobs.

Sad, but unfortunately true.

by
|
Post ID: @6esh+1hki8GH6

They have already started the WFR in the USA

by
|
Post ID: @2lrb+1hki8GH6

I don’t think tech customers have started yet to freeze their budgets, but if it starts no IT vendor will be safe from cutbacks. During recessions we’ve seen that IT customers will first freeze their procurement budgets before laying off staff, so this could mean pausing purchases of PCs, notebooks, printers and peripherals and just get by with what they have now.

Definitely not a time to be complacent.

by
|
Post ID: @ges+1hki8GH6

Losing that commodity vs. technology balance along the way.
Had a good run - since the calculator times even.
Good luck to all.

by
|
Post ID: @min+1hki8GH6

Post a reply

: