Layoffs began first thing this morning. Nothing like getting let go just before the holidays. Why does HP have a habit of laying off people just before Thanksgiving? They know companies won't start hiring until after New Years.
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Ok so now it begins? 4000 to 6000 WFRs globally in the next 3 years.
Same old stuff...they never ever change...wow !!
I only see one recent post on LinkedIn about HP layoffs happening in the sales department. The majority of the other posts pertain to layoffs at Twitter and Meta. America is a joke. I’m moving to Iceland.
I'm a boomer and made out like a bandit at HP. You might want to find out what we and copy us. Because what ever you are doing isn't working.
Note that the OP will never say in what areas or departments these alleged WFRs are taking place. It is the same pattern in several recent treads. In my 15 years with HP I can't remember a single case where WFR occurred in Q1 before the New Year.
Sorry to hear, but unfortunately this was not unexpected. What organizations are being affected?
Calling someone a boomer reveals the poster as someone of the recent vintage. Learn to code, kiddo, and see if Twitter is interested.
There absolutely is a large fiscal incentive to do it now - just not for FY22. HP does not pay out bonuses unless you are employed at the time they are issued and they can avoid another RSU vesting period. While bonus, in particular, is never guaranteed income, most folks do consider it part of their total comp for the year. So... you are permitted to work for most/all of the year and then a significant part of many people's comp for that working period is effectively eliminated at the 11th hour.
They began weeks ago. I heard about some then but haven't heard about any this week.
OK Boomer. Think it's fake? Look on Linkedin today. Several HP people have posted it. Helps them clear the salaries in HP's first quarter ending in Jan.
I doubt this: HP is already in Q1. As the rule it doesn't do WFR in Nov-Dec - bad optics and no fiscal incentive. Ergo, the OP is a troll.
Laying off just before the holidays is not just and HP thing, most companies do it because of end year taxes and looking good to stockholders.
Even the small mom and pop companies do it right before the holidays.
About 20 years ago I was told by a company (not HP) that I should not plan any large purchases in the next few months (this was in September). One co-worker had just bought his first house. Layoffs began in November, and I survived that round but the guy that just purchased the house was let go.
Just 12 years ago I was laid off a week before Thanksgiving and remained unemployed for almost 2 years. I have learned to dread the holidays.