Today (earnings report) is not looking good. It is already expected that there will be a major year-over-year decline in earnings on lower revenues. The EPS estimate keeps getting lowered. I don't want to catastrophize, but I'm worried about how this will reflect on layoffs.
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https://www.axios.com/2022/11/22/hp-will-cut-up-to-6000-jobs-over-next-three-years?utm_source=join1440&utm_medium=email&utm_placement=newsletter
“ Are we expecting more in late Q4 early Q1?And what area?”
Most assuredly. Dell lays off every January, even in ok years. Probably more in CSG than ISG this time. Long time high ranked employees, low performers, and those not attached to the right initiatives and executives politically will be the primary targets.
If you perform well, aren’t a level 10 or long term 9, and your VP is well connected in the Game of Thrones, you’ll be fine.
By all means, wring your hands over the unknown...that will help
Here is some good advise.
https://www.wisebread.com/how-to-get-laid-off-a-step-by-step-guide
Are we expecting more in late Q4 early Q1?And what area?
They needed to layoff a significant number of people this quarter to make the number - expect the same for Q4.
ISG did well
Dell shares swung to a loss in the extended session Monday after the computer maker forecast a revenue shortfall that overshadowed quarterly results that topped Wall Street estimates.
@jbp+1jOBYJEg Fool.
earnings beat. boowwmmm
Quit the pessimism, the report isn’t even out yet. No job is ever guaranteed anyway - we’re all one bad boss or one bad re-org or one bad luck of the draw on what VP we’re attached to from needing to update our resumes.
Why do you say not looking good? They will likely beat estimates