Thread regarding HP (Hewlett-Packard) layoffs

Anxious about cuts

I am referring to the thread below in which the person writes about getting laid off. Morale is very bad, the atmosphere is tense, so I can only hope that there won't be big cuts soon.

Does anyone have any insights?

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Post ID: @OP+1ip7t2Ry

12 replies (most recent on top)

It’s happening especially to long term employees in the USA

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Post ID: @7mjx+1ip7t2Ry

company continue to commit to shareholder values (share buyback and dividend returns) with reducing sales and declining market (print). where do u think all the $ comes from? Cuts and more cuts in addition to taking on more debts.

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Post ID: @5zob+1ip7t2Ry

With the poor Q3 earnings reported today, no one should be surprised if major cuts happen very soon and continue well into next year. Not a good time to get complacent.

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Post ID: @4vbw+1ip7t2Ry

BEEP BEEP! Make way for Poly people! If you're in conferencing solutions, you may get replaced! HP Presense had a bad R&D and launch cycle. BEEP BEEP! Come on, we don't have all day!

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Post ID: @4txn+1ip7t2Ry

HP had been having restructuring for many decades already. In good times there's wfr and now is bad time (see all other strong companies) if you think there won't be wfr in such times, it's self delusional. This coming cuts will be huge, they will call it right sizing to make it sound like their reorg is working. Print is long dead, like it or not. Pc is cut throat biz, so only solution is reduce cost non stop.

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Post ID: @4yqj+1ip7t2Ry

LOL to the person who said "Morale is excellent" and that some of us "deserve to be fired". I hope karma does this person a favor because the irony would be extremely satisfyingly.

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Post ID: @3wvt+1ip7t2Ry

Funny - One guy says that morale is high at HP. He must be one the management types who has insulated himself from reality.

Really sad to see how far the once mighty HP has fallen to a shell of what it once was.

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Post ID: @3xbi+1ip7t2Ry

Morale is excellent. There are 55k ppl at HP. This tread is watched by 447 mo--ns who deserve to be fired.

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Post ID: @2zii+1ip7t2Ry

Here’s a tip - Everyone should be concerned right now. It would be a mistake to think that you’re irreplaceable!

At HP, no one (and I mean NO ONE) is so “valuable” that HP would never dare to lay them off. If you think otherwise, you’re being naive.

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Post ID: @1gic+1ip7t2Ry

There are talks of cuts. I heard it's going to be a 10% layoff company-wide, depending on the reaction of our investors for our earnings call this coming Tuesday.

Fun fact: If your manager has an open req open, even for a contractor, they can use that as headcount when they are mandated to layoff.

This is all part of Enrique's purge plan that he's had for the last few years, even before covid started. The goal was to reduce headcount significantly until the end of 2022. Covid, supply shortages, and this demand slow down are just justifying the layoffs even more.

I think a lot is going to happen in the next few months: massive reorgs everywhere, more furloughs of contractors, probably reducing contractor headcount entirely, an announcement of HP HQ moving to the Houston site, putting huge investment priority in gaming and commercial displays and computers, laying off people from TDC thus combining R&D with execution, letting go SMs since their function is only to keep track of progress during programs, we are due for retirement packages to roll out so I won't be surprised if people take those, and I truly think HP is going to get back into the biomedical industry again.

Comment below mine says they're in print. I think that depends what type of print you're in. For 3D print, you'll be fine. Laserjet and scanner print? Probably not unless your contribution output is irreplaceable.

But bottom line: there's going to be a lot of measures that I think HP is going to take to make sure they don't get to you personally before lay you off. It is very expensive to lay people off. Severance costs a ton of money and you have to do tax documentations.

Now is the time to bust your @$$ if you don't feel like you're contributing as much as you'd like to the point where you feel safe. Give your manager reasons that you shouldn't be chosen to leave.

Good luck!

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Post ID: @1fwf+1ip7t2Ry

I know that some HP employees know something is up. Many low level managers and long term employees are taking off the last 2 weeks in August to go out of the area on vacation. Maybe they don't want to be around when the layoffs are happening?

I work in print so I am as nervous as he-l.

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Post ID: @mpe+1ip7t2Ry

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