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8338 clicks; posted to Business » on 31 May 2012 at 1:54 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-31 10:21:06 AM
So vote Republican.
 
2012-05-31 10:47:21 AM

Cythraul: So vote Republican.


Well, we could have voted for the Republican that's running HP right now

/might have saved a lot of jobs right there now that I think about it
 
2012-05-31 10:50:25 AM

Cythraul: So vote Republican.


Those are likely Republicans making those layoffs so I doubt encouraging them will help much.

Time was, businessman found ways to make money, markets to exploit, adapted to changing times, etc. Now it's all about the cash flow and the best and brightest today can only offer "cost-cutting" as the way to profits.

Tell you what, lay off everybody and watch the profits roll in. The Tea Party imagines government could work this way.
 
2012-05-31 10:51:17 AM
It *is* surprising that no one is buying Twinkies...
 
2012-05-31 10:51:50 AM
What? I didn't even click the article. 'Vote Republican' is my response to most things in life.
 
2012-05-31 11:03:03 AM
www.fiftiesweb.com
 
2012-05-31 01:38:44 PM
Romney, furiously beating off..."Do you have any footage of them getting fired?"
 
2012-05-31 02:03:48 PM

Godscrack:


What does Craig Ferguson have to do with this story?
 
2012-05-31 02:05:16 PM
As I learned yesterday, our taxes are plenty low, our regulations are plenty weak. We just lack a decisive, popular leader and a return to the old way of Health Care in this country.

/s
 
2012-05-31 02:20:39 PM
The same people in this thread posted in last months jobs report to praise Obama for turning things around. Now it's the Republican's fault when things look bad again? Same goes for last month's housing report compared to this month's thread.

You guys are hilarious.
 
2012-05-31 02:31:49 PM

MaudlinMutantMollusk: Cythraul: So vote Republican.

Well, we could have voted for the Republican that's running HP right now

/might have saved a lot of jobs right there now that I think about it


Starting to think the HP lay-offs (or at least their timing) could be Meg's little "I Love You" gift to the GOP.

/Wonder if it will get her a VP nomination?
 
2012-05-31 02:42:47 PM
I hope they lay off some of the sales people that seem to call me every day.
 
2012-05-31 02:44:54 PM
This wouldn't have anything to do with the turmoil in Europe, a major trade partner, would it? Or, the rumors about a bubble bursting in China, another major trade partner? Or, the promise by Boehner to re-live the debt crisis that turned out so nice last summer?

Uncertainty, anyone?
 
zez
2012-05-31 02:46:35 PM
media.cnbc.com

mememachine.viralvideochart.com
 
2012-05-31 02:51:43 PM
How does the maker of Twinkies and Wonder Bread go into financial distress?? I thought we were all mostly fat and stupid ... perfect breeding ground for Hostess to thrive.
 
2012-05-31 02:52:09 PM

TommyDeuce: MaudlinMutantMollusk: Cythraul: So vote Republican.

Well, we could have voted for the Republican that's running HP right now

/might have saved a lot of jobs right there now that I think about it

Starting to think the HP lay-offs (or at least their timing) could be Meg's little "I Love You" gift to the GOP.

/Wonder if it will get her a VP nomination?


Meh, HP is farked and needs to lay off some folks. They're not as farked as Blackberry, but it doesn't matter if FDR was working for HP, they'd need to lay off some people as their business direction changes.
 
2012-05-31 02:53:43 PM
analysts expect U.S. employers to have created around 150,000 jobs in May, sharply higher than April's 115,000.

That *is* surprising, subby
 
2012-05-31 02:57:42 PM
The desktop market is shrinking. HP is not a nimble company. It wasn't really surprising when this was announced a few months ago.
 
2012-05-31 03:01:09 PM
If Obama's reelection means higher taxes for those that make the hiring and firing decisions while Romney's election means lower taxes for those that make the hiring and firing decisions, I wonder which way hiring and firing will go until after the election

Hmmmmmmmmm.
 
2012-05-31 03:16:43 PM
I heard this guy on NPR this morning, and he's an idiot. Apparently, he thinks HP is emblematic of the whole IT sector, as opposed to being uniquely weak due to pressures from more successful competitors on every side compounded by years of mismanagement, underinvestment, and a CEO's office with a revolving door. I was shouting at my radio by the end of his segment.

/Mail for the HP CEO's office should be addressed to "occupant"
 
2012-05-31 03:36:05 PM

xtragrind: The same people in this thread posted in last months jobs report to praise Obama for turning things around. Now it's the Republican's fault when things look bad again? Same goes for last month's housing report compared to this month's thread.

You guys are hilarious.


Yep. Partisan liberals are as retarded as partisan conservatives.
 
2012-05-31 03:40:35 PM

TheShavingofOccam123: If Obama's reelection means higher taxes for those that make the hiring and firing decisions while Romney's election means lower taxes for those that make the hiring and firing decisions, I wonder which way hiring and firing will go until after the election

Hmmmmmmmmm.


Yes, because Bush's tax cuts for the rich have done swimmingly so far.

And don't bust my balls that this cat is just trolling, no one can tell anymore.
 
2012-05-31 03:47:08 PM
This is bad news for Obama.

/First time that this actually makes sense
 
2012-05-31 03:51:23 PM

vgacolor: This is bad news for Obama.

/First time that this actually makes sense


Really? It's Obama's fault that the republican senate purposely obstructed everything that he tried to do so that corporate raiders like Romney could more easily destroy American jobs?

Yeah, come to think of it people will actually fall for that.
 
2012-05-31 03:58:45 PM
Vote for zoidberg.
 
2012-05-31 04:18:08 PM

Mugato: Romney, furiously beating off..."Do you have any footage of them getting fired?"


()bama, furiously beating off.... "Excellent! My ultimate plan of 100% unemployment will soon become reality! MOOOHOOHOOHAHAHAHAHAHAHA!"

/millions actually believe this
 
2012-05-31 04:28:14 PM

machoprogrammer: xtragrind: The same people in this thread posted in last months jobs report to praise Obama for turning things around. Now it's the Republican's fault when things look bad again? Same goes for last month's housing report compared to this month's thread.

You guys are hilarious.

Yep. Partisan liberals are as retarded as partisan conservatives.


Yep.
 
2012-05-31 04:41:38 PM

DrippinBalls: Vote for zoidberg.


cache.io9.com

Think of politics as a corporation-sponsored theatre company. A political actor may take a role playing a member of any political party, but ultimately they are working for the theatre company, and indirectly working for corporations that fund the theatre company.

Voting for a third party candidate accomplishes nothing; the third party candidate is still nothing more than another actor working for the theatre company. The entire system is completely corrupt.
 
2012-05-31 04:57:40 PM

Ham Sandvich: This wouldn't have anything to do with the turmoil in Europe, a major trade partner, would it? Or, the rumors about a bubble bursting in China, another major trade partner? Or, the promise by Boehner to re-live the debt crisis that turned out so nice last summer?

Uncertainty, anyone?


What were the excuses as the DJIA was doubling from 2009 to 2011 and companies were turning in record profits?

Oh yeah, they needed bigger tax cuts.
 
2012-05-31 05:01:03 PM
They only have 99%. Can't create jobs til they have 99.9%
 
2012-05-31 05:06:47 PM

Trolljegeren: DrippinBalls: Vote for zoidberg.

[cache.io9.com image 400x301]

Think of politics as a corporation-sponsored theatre company. A political actor may take a role playing a member of any political party, but ultimately they are working for the theatre company, and indirectly working for corporations that fund the theatre company.

Voting for a third party candidate accomplishes nothing; the third party candidate is still nothing more than another actor working for the theatre company. The entire system is completely corrupt.


But according to my director, a man shall not farce around with another man.

/Thespianism is a sin
 
2012-05-31 05:08:41 PM

skinink: Godscrack:

What does Craig Ferguson have to do with this story?


That ain't Craig Ferguson, dopey. It's Dick Van Dyke.
 
2012-05-31 05:25:15 PM
don't you mean blank Van blank
 
2012-05-31 06:10:11 PM
An interesting thing happened this week.

A guy I know who is a huge strip club fan was talking about the texts he gets from girls, and kind of what's happening in the clubs. I usually just like hearing his stories (You lie Chris Rock). But this was different.

He said that what has been happening with the girls has happened two times before, and both times were right before recessions hit.

His theory is that strippers are a leading indicator.
 
2012-05-31 06:29:40 PM

SharkTrager: An interesting thing happened this week.

A guy I know who is a huge strip club fan was talking about the texts he gets from girls, and kind of what's happening in the clubs. I usually just like hearing his stories (You lie Chris Rock). But this was different.

He said that what has been happening with the girls has happened two times before, and both times were right before recessions hit.

His theory is that strippers are a leading indicator.


What, are they getting stiffed on tips?


sorry
 
2012-05-31 06:32:18 PM
I like how so many Farkers think this is politically motivated.

Geez.... the bank fiasco in 2008 WAS DEFINITELY orchestrated for its effect on the election, but I don't think anybody can argue that systematically laying off people for almost 4 years is some sort of political plot. Heck, you could even argue it was the obvious result of the collapse of the sub-prime market (which the Bush administration tried to tell anybody who would listen for 5 years before Dodd and his chronies decided to pop the bubble for maximum effect). With that in mind, I will agree that there are plenty of assholes on BOTH sides of the aisles willing to shiat in their own nest for political gain (though the subprime mess may be the worst case yet)

... but reality here is that HP needed to shed some of the dead weight (speaking as an HP employee myself), because of the tight margins in the hardware business. It's also stupid to think a political "surprise" would occur this early in the election year. The reality is also that the economy is absolute crap right now, and Obama has to take credit for a lot of that. He's had 4 years... and the only significant thing he's done is the soon-to-be-reversed health care mess (that hasn't instilled a lot of confidence in the economy's recovery).
 
2012-05-31 06:38:27 PM

LesserEvil: I like how so many Farkers think this is politically motivated.

Geez.... the bank fiasco in 2008 WAS DEFINITELY orchestrated for its effect on the election, but I don't think anybody can argue that systematically laying off people for almost 4 years is some sort of political plot. Heck, you could even argue it was the obvious result of the collapse of the sub-prime market (which the Bush administration tried to tell anybody who would listen for 5 years before Dodd and his chronies decided to pop the bubble for maximum effect). With that in mind, I will agree that there are plenty of assholes on BOTH sides of the aisles willing to shiat in their own nest for political gain (though the subprime mess may be the worst case yet)

... but reality here is that HP needed to shed some of the dead weight (speaking as an HP employee myself), because of the tight margins in the hardware business. It's also stupid to think a political "surprise" would occur this early in the election year. The reality is also that the economy is absolute crap right now, and Obama has to take credit for a lot of that. He's had 4 years... and the only significant thing he's done is the soon-to-be-reversed health care mess (that hasn't instilled a lot of confidence in the economy's recovery).


WTF? The bank fiasco was orchestrated by whom? For whom?
 
2012-05-31 06:39:45 PM

SharkTrager: An interesting thing happened this week.

A guy I know who is a huge strip club fan was talking about the texts he gets from girls, and kind of what's happening in the clubs. I usually just like hearing his stories (You lie Chris Rock). But this was different.

He said that what has been happening with the girls has happened two times before, and both times were right before recessions hit.

His theory is that strippers are a leading indicator.


I'm dying to know. What is happening with the girls that is a leading indicator of recessions?
 
2012-05-31 06:46:41 PM
When the housing market was rising in astronomical percentages per month investors got used to double digit returns on investment, all in short term. I recall when a company had a 7-8% growth or profit was considered good, now if they are not returning 20% it is considered a loss, or a bad company, hence the lay offs etc etc etc. The past bubble and or hype has gotten into the psych of the average investor who now is not satisfied with steady growth, but instead is looking for and expecting that high growth bubble that never really existed and cannot be achieved. The consumer is the number one driver of the economy, yet wages have been stagnant for years in comparison to inflation. ( accept for the top 1%) UNTIL a average wage adjustment is made, the economy will continue to be lackluster at most, declining and recessionary at worse. I am betting on the latter.
 
2012-05-31 06:56:52 PM

Debeo Summa Credo: WTF? The bank fiasco was orchestrated by whom? For whom?


I said Dodd, and clearly for the Democrats. They controlled the banking committee. The Bush White House had been beating the drum for 5 years, and nobody would pick up the story and run with it when there might have been a chance to mitigate the damage. Dodd opened his mouth on a news show, and the whole banking industry collapsed almost overnight. I wonder who else might have sat on that committee? Any ideas? All of them knew this was coming down the pipe, yet NOBODY DID ANYTHING until late in the election year. It's either major stupidity and incompetence by those Democrats, or a clever, if downright evil conspiracy to gain a last minute rush of voters to their side. Take your choice.

As for surprises, I will predict right now that the crazy Mormons like the nutjobs led by Warren Jeffs will be raided by Federal agents in September/October, and shortly after that becomes front page news, something linking Romney to those "cultists" will be revealed (like a picture of him shaking hands with somebody) to spatter him in the public's opinion.

Personally, I think politics has devolved into an all-time low here in the US. That Santorum or Perry were even considered, let alone had base support int he Republican race is unconscionable. Romney might be out of touch with the common American, but how is he really different from Obama in that respect? Neither party seems to grasp that the real "base" is middle-of-the-road, middle-class citizens. We don't care for extreme agendas, and we'd prefer the government to get out of our every day business, whether it's boarding an airplane, having sex, or choosing how we spend money. Unfortunately, in November, there will only be two candidates who have any chance of being POTUS, next January, so we are forced to choose my namesake and hope for the best.
 
2012-05-31 06:57:13 PM
Who can be sympathetic to anyone loosing their job?

"A total of 67,195 visas were issued this fiscal year versus 54,111 in 2010"

http://www.workpermit.com/news/2011-10-28/us/united-states-increases- n umber-of-h1b-visas-issued-to-indians.htm

We live here - yet we are still bringing talent from overseas to work here in the US.

What's the goddamn problem?

If you are in the tech segment and you don't have recruiters hounding you, then you are doing something wrong.
 
2012-05-31 07:13:45 PM
so, how's that 8% unemployment Obama's admin is reporting uhn?
 
2012-05-31 07:29:08 PM
So layoffs went up 53% month to month, but basically 50% of the number is entirely HP, and they're also about 85% of the entire computer industry for the year to date.

In other words, this isn't an economic indicator, it's a blip in the statistics driven by one large mismanaged company that's been struggling for years laying of a huge chunk of employees in one go.
 
2012-05-31 07:32:14 PM

machoprogrammer: xtragrind: The same people in this thread posted in last months jobs report to praise Obama for turning things around. Now it's the Republican's fault when things look bad again? Same goes for last month's housing report compared to this month's thread.

You guys are hilarious.

Yep. Partisan liberals are as retarded as partisan conservatives.


There's no such thing as a partisan liberal because the Democrats aren't liberal. The closest thing is "anti-Republican liberal.'

/anti-Republican liberal
 
2012-05-31 07:34:58 PM

joe714: So layoffs went up 53% month to month, but basically 50% of the number is entirely HP, and they're also about 85% of the entire computer industry for the year to date.

In other words, this isn't an economic indicator, it's a blip in the statistics driven by one large mismanaged company that's been struggling for years laying of a huge chunk of employees in one go.


THIS!
 
2012-05-31 07:41:57 PM

hallotavagyna: Who can be sympathetic to anyone loosing their job?

"A total of 67,195 visas were issued this fiscal year versus 54,111 in 2010"

http://www.workpermit.com/news/2011-10-28/us/united-states-increases- n umber-of-h1b-visas-issued-to-indians.htm

We live here - yet we are still bringing talent from overseas to work here in the US.

What's the goddamn problem?

If you are in the tech segment and you don't have recruiters hounding you, then you are doing something wrong.


But they bring people in so they can pay them lower wages. Some tech companies never plan to hire an American for a position. Sure they might bring them in for an interview but it's just for show.
 
2012-05-31 07:42:53 PM
Another area to watch is the food industry, where job cuts are up 75 percent this year and where Hostess Brands - markers of Twinkies and Wonder Bread - filed for Chapter 11 bankruptcy protection, the report said.

i1.ytimg.com

/wonder bread is food....really?
 
2012-05-31 07:50:17 PM

LesserEvil: Debeo Summa Credo: WTF? The bank fiasco was orchestrated by whom? For whom?

I said Dodd, and clearly for the Democrats. They controlled the banking committee. The Bush White House had been beating the drum for 5 years, and nobody would pick up the story and run with it when there might have been a chance to mitigate the damage. Dodd opened his mouth on a news show, and the whole banking industry collapsed almost overnight. I wonder who else might have sat on that committee? Any ideas? All of them knew this was coming down the pipe, yet NOBODY DID ANYTHING until late in the election year. It's either major stupidity and incompetence by those Democrats, or a clever, if downright evil conspiracy to gain a last minute rush of voters to their side. Take your choice.


www.gifsforum.com
 
2012-05-31 08:00:29 PM
get rid of H-1B visas

i live near the Visa HQ and there are literally hundreds of single male Indian workers there, send them home and hire merkans
 
2012-05-31 08:21:38 PM

Debeo Summa Credo: SharkTrager: An interesting thing happened this week.

A guy I know who is a huge strip club fan was talking about the texts he gets from girls, and kind of what's happening in the clubs. I usually just like hearing his stories (You lie Chris Rock). But this was different.

He said that what has been happening with the girls has happened two times before, and both times were right before recessions hit.

His theory is that strippers are a leading indicator.

I'm dying to know. What is happening with the girls that is a leading indicator of recessions?


It has to do with a variety of things.

The end of month rent is due texts are up. The number of times the dancers outnumber the customers is up. The number of obviously desperate dancers is up. The number of girls willing to meet outside the club is up. The amount they are quoting him is WAY down. While I'm not in that scene, I've heard enough stories, and remember enough from my younger days, to know that if he's telling the truth something has changed.

Maybe it's just local, but it's pretty clear something changed, and it changed quickly.
 
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