Thread regarding HP (Hewlett-Packard) layoffs

Contractor Furloughs

Hello,

I am an full-time employee at HP. I joined the company under one year ago. Today our manager informed us that half my team (who are contractors) will be furloughed for the month of September. I was surprised to hear about this since I though we were done with furloughs. Here is the situation.

  1. We have been told that our manager is trying to get an exception for the CW furloughs and that only someone at the highest levels can approve it. What are the chances of such approval being granted for contractors who don't occupy very high positions at HP?
  2. Our manager also hinted that if the furloughs continue past September then the contractors will be informed about the next steps by their agencies. Does this sound ominous based on your past experience?
  3. Finally, due to CW shortage, when will layoffs most likely get to HP FTEs?

Thank you

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Post ID: @OP+1i4fMHAQ

8 replies (most recent on top)

"The problem is that HP expanded too big too quickly, meaning that we hired way too quickly, expecting more growth than what's possible."

Indeed. The pandemic forced companies to adjust their work model and they had to buy printers and laptops for their WFH staff. Now many are being told to get back in the office or else. So those printers that HP sold are sitting mostly idle and not generating ink revenue.

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Post ID: @4uqs+1i4fMHAQ

I'm a non-CW HP employee. What you heard anout September is true. In July, we just had you all's first furlough. Some CWs were exceptions as the most productive ones got chosen to continue to work. This might answer your first question. It's really favortism as your manager will make decisions based on your level of output.

In regards to your second question, I have not heard about that. However, I'm not really if this will be a huge issue. The problem is that HP expanded too big too quickly, meaning that we hired way too quickly, expecting more growth than what's possible. So, now we've hit the peak of demand, we are going to come back down for a little while... and because HP is going to avoid laying off a lot of non-CWs, there are going to be unorthodox measures. Our investors have two main unrealistic expectations: infinite growth and massive free cash flow for good dividends. HP is going to be penny-pinching big time. It's also HP's fault for providing larger dividends so early.

Your last question is difficult to answer because it's hypothetical. HP will start laying off non-CWs if there is no longer any plans to provide steady investment for a particular strategy. If you have to ask yourself if HP is really focused on the strategy your manager is providing to the company, that can be a dangerous sign. I was laid off from our sister company, HPE, in 2020 BEFORE our CWs, along with six other people in my organization. The best part, those CWs are now full fledged HPE employees today. But I knew my layoff was coming because I knew how the company was already treating the org even before covid. You'll never see a shortage of CWs at HP. There will always be someone who will want to work for half of your salary or less.

Good luck!

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Post ID: @4fql+1i4fMHAQ

CW layoffs are just the start, guarantee that FTE layoffs are going to follow. No one is safe here, no matter how important you think you are to HP.

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Post ID: @2vos+1i4fMHAQ

Our CWs were told about 2 weeks in July and September. Strangely this time it seems the Corporate communicates directly with the CW employers bypassing the business unit. We used to be able at least attempt to argue for the exception in the past.

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Post ID: @2rvq+1i4fMHAQ

It is getting quite strange lately: almost every other week during meetings we hear of someone who "is no longer with HP." And these are very senior and in some cases irreplaceable individuals.
They are either being poached or forced out. Either way the impact on future products will be quite negative.

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Post ID: @vpu+1i4fMHAQ

Well my team at least knew that there we would be furloughed 2 weeks in July and then another 2 weeks in September but I hadn’t heard that it was the entire month of September now. Like what exactly are we supposed to do? Eat grass?

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Post ID: @ald+1i4fMHAQ

Thanks for your reply. And yes, this new round is in addition to the furloughs from July! I am also an engineer per your question.

The contractors furloughed in July came back, and then we got hit with the announcement about the new round. This does not inspire confidence at all.

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Post ID: @zpq+1i4fMHAQ

Is this in addition to the furlough from July? Are you an engineer?

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Post ID: @nvg+1i4fMHAQ

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