On one side, she destroyed the life of thousands and thousands of employees and their families (at least temporarily), but on the other, what she executed will keep the names and legacy of Hewlett and Packard alive at least for a while. For the first time in the 12 years that I've been here, I don't feel the constant fear of losing my job and I'm even feel hopeful (and even confident) about the future of the Company.
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We've just been told more WFRs are on the way. Some recovery.
"For the first time in the 12 years that I've been here, I don't feel the constant fear of losing my job and I'm even feel hopeful (and even confident) about the future of the Company."
I was not in "fear" of losing my job of 35 years when I was called in on that Monday afternoon and fired because of my age. At least they fired the b--ch area manager that announced that we needed to discuss "our aging workforce".
The sooner that HPE goes bankrupt or burns down, the better.
@Vm3BKFh Sounds like they've got you right where they want you. Lay offs are still occurring.
not for nothin but I could care less about the good name of HP or HPE or anything connected to it. The truth is I was acquired. My company was making money until HP and it's arrogance stepped in and killed it for the sake of some kind of sick experiment... hmm...let's make like we're in the software business.. no wait, mobile devices... no wait... cloud! ... the truth is these bafoons are and always will be late to the party because they lost the organic compound needed to succeed and that organic compound is called ingenuity... so when I was WFR'd 2 years ago I was thrilled! ... still am! .. i found a new job making about 40% more than I was making at HPE with a company that is experiencing organic growth and not acquiring revenue streams for short term gains and long term losses... it's like night and day... I never knew the legacy HP so I don't really care one way or another... it's a huge case study for business schools of the future to understand how NOT to succeed in business... good bye
MEG'S strategy was DISCUSTING BY ALLOWING LAY OFF EMPLOYEES BASED ON AGE AND RACE!! All we have left when I was layed off are H1B Visa Guest Workers all Non-White and/or based on Favoritism. I also been discriminated because I am white - never got promoted or a thank you for the major visible accomplishments, only their favorite circles of H1B and/or Favoritism WINS where always praised during meetings and promoted, etc.
"Hear a lot these days about big bets on Cloud and Edge as the company strategy? "
Those words make be think back to 2014 when the strategy was "Cloud and Edge" ..... hmmmm
I'm not sure, but I think AWS has the cloud thing pretty much sewn up at this point. Helion Openstack wasn't even close.
2019 may be the final year in that super stretched out grand layoff plans HPE announced after HP split into 2 companies in Nov 2015. The money savings they claim from this decimation of workforce will dry up after that. There is only so much you can rake in by selling real estate, and most sell-able assets have been sold already. Palo Alto may be the last one to be sold which can of course fetch them a pretty penny. What will they do to tout quarterly profitability numbers after those extreme cost savings measures dry up? Hear a lot these days about big bets on Cloud and Edge as the company strategy? Will living in the Clouds and on the Edge be enough to survive and lead in the long term? Time will tell.
I was let go October 23rd last year along with 5K of us. I worked out great for me even though I did not know at the time. I am not sure how well HPE is going to do. I can say like others I went to a competitor (The big one). And we beat them all the time. There is just not enough workforce in HPE to win in some areas. I can say in my office we have 60 people. HPE has 2 covering the same area. Their largest storage customer in the state has 5 arrays. Competition makes everyone stronger so I hope they improve but I am just not sure how.
Yes, 3D has potential but it's not there yet. Hopefully it comes in time. But for now they are doing ok.
yeah I remember that VJ story. In my view the one thing that is going well for HPQ is the 3D-printing. I am optimistic that 3D-printing technology will break out in the coming years and they will be in a pre-eminent position to dominate especially in the big ticket applications (automotive, prosthetics etc.).
"While HPQ is doing ok, it's precarious. They are gaining market share in declining markets. At some point they risk being the only one's selling products that few want."
RIP, the ink jet printer.
Go to HP's website and see just how few inkjet products they currently offer.
Some years ago, VJ came to the Fort Collins site to plug "Inkjet 2.0". He shared a personal anecdote about how he bought an HP "bundle package" for his daughter. She never unpacked the inkjet printer. He admitted that was a wake up call. This was over 10 years ago.
Yep, we can hate Meg for what she did but I don't think anyone could fix HP pre-split. HP bought over-priced Compaq which would have been nearly dead a year later and then EDS. 300k+ employees by then. Then market shifts. It couldn't be saved.
While HPQ is doing ok, it's precarious. They are gaining market share in declining markets. At some point they risk being the only one's selling products that few want.
I was around for both the Agilent spin-off and HPQ/HPE split. I agree that the spin-off was necessary to save the test and measurement side. I just wish the HP name went with them. Sad to see it applied to only computer and worse printing only (which in my estimation will be the only association in 5 years. HP Printing.) HPE will break up and HPQ will spin off or sell PCs.
Alas, things change.
I’m not sure spinning off Agilent was such a bad idea. Do you honestly think those at Agilent today would have honestly survived what has happened? I think the spinoff was a good idea. Not sure about the HP/HPE split, though. That split was more about poor executive and board members’ decision making that led us to that particular split.
Agilent and Keysight are the two companies that are the true HP. Those companies are doing really well today with total leadership in the products and services they make and sell. Lew Platt was a great engineer, but he did the biggest blunder by spinning off Agilent from HP. So many other CEOs have followed presiding over and accelerating the slow and painful death of a great company. Two of them were the worst of the pack - CF and MH. Those 2 were responsible for 75% of the rot that took roots during their regimes. Regrowing a giant tree that has rotted 75% is a formidable task. A true leader can make it happen. We do not know yet what future this company has. Time will tell.
When CF killed the information appliance initiative (ie smart phones) and "doubled down" (her favorite phrase) on servers with the Compaq deal it was the end. The rest has just been the process of putrefaction (the process of decay or rotting). No offense to the former Compaq folks, they were doing pretty well before they got devoured.
"The legacy of Hewlett and Packard is long dead"
Agreed. The HP way died during CF's reign of terror. MH made sure it didn't return.
It's way too early to think things have stabilized. I personally believe we are exactly on the same position of risk, but at least Antonio has done a good job so far calming things down and slowing the talent exodus. Don't lower your guard...
The legacy of Hewlett and Packard is long dead