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(Fox Business)   Hewlett-Packard reformats the employment status of 2000 more workers   (foxbusiness.com) divider line 17
    More: Followup, Hewlett-Packard, server computers, Electronic Data Systems, layoffs, Dell, workers  
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590 clicks; posted to Business » on 11 Sep 2012 at 6:04 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments   (+0 »)
   
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2012-09-11 06:28:01 AM  
more employees had opted to participate in the company's early retirement program than it had expected

Ya think, DiNozzo?
 
2012-09-11 08:47:21 AM  
Computing has moved from desktop computers and laptops to mobile gadgets such as smartphones and tablets, markets in which H-P and Dell largely haven't participated. In addition, new technologies such as social networking have enabled a wave of application makers to thrive.

Yeah, Angry Birds and Farmville have had a devastating effect on the enterprise software market. We were all set to invest in a 1,000 seat OpenView license, but then it was like "Nope, gotta save the budget for more digital cows."
 
2012-09-11 09:06:42 AM  
That's a fairly crap headline there, subby. Very unimaginative.
 
2012-09-11 09:31:00 AM  
Initializing career status...
 
2012-09-11 09:58:09 AM  
Probably just a swath of their out-sourced staff and they're gearing up to replace them with 6000 workers at half the salary from an even poorer country. They will be saving tens of dollars here.

plans to lay off 27,000 workers, or about 8% of its work force... Accordingly, the company raised its expected restructuring costs to $3.7 billion through the end of fiscal 2014, up from its prior estimate of $3.5 billion

Wait, lemmie break out my maths: Even if they'd paid these 2nd world workers the north america minimum wages (hahaha yah right), that's still only shedding ~400m/year worth of costs. How the fark do they manage to spend 3.7 billion to try and save 400m/year? You know they're just going to lay off another 10% of their workers next year, and the next etc as they've been for almost a decade straight now. How long can they keep swirling the bowl like this?
 
2012-09-11 10:29:05 AM  
Manufacturing garbage is not a sustainable business mode. Mr. Hewlett and Mr. Packard must be spinning in their graves over Hewlett-Packard becoming the new Packard Bell.
 
2012-09-11 10:56:45 AM  
At some point they're going to totally abandon the datacenter server market (aside from cranking out crappy commodity-style blade boxes); getting almost impossible to have them repair old hardware now. So the people that support the old hardware, they'll be gone (some already are), and that is what is padding this layoff number. After that, what else is left to distinguish HP from other hardware makers? Not much. HP's small device attempts have been lame, if not awful.
 
2012-09-11 11:34:26 AM  
As I recall Smegma Whitman said that she was a job creator during her race for California governor. Looks like this is what a company gets for believing a Republican. The only jobs she'll be creating are in Costa Rica, China and India. Just like her buddy Mitt.
 
2012-09-11 12:07:18 PM  

BumpInTheNight: Probably just a swath of their out-sourced staff and they're gearing up to replace them with 6000 workers at half the salary from an even poorer country. They will be saving tens of dollars here.

plans to lay off 27,000 workers, or about 8% of its work force... Accordingly, the company raised its expected restructuring costs to $3.7 billion through the end of fiscal 2014, up from its prior estimate of $3.5 billion

Wait, lemmie break out my maths: Even if they'd paid these 2nd world workers the north america minimum wages (hahaha yah right), that's still only shedding ~400m/year worth of costs. How the fark do they manage to spend 3.7 billion to try and save 400m/year? You know they're just going to lay off another 10% of their workers next year, and the next etc as they've been for almost a decade straight now. How long can they keep swirling the bowl like this?



Well ya gotta raid the company coffers and give all the cash that the employees earned to the rich executives BEFORE the company collapses. That's the modern capitalist way!
 
2012-09-11 01:31:19 PM  
Y'know, the entire IT industry is all about doing more work with fewer people. IDK why anyone is surprised by the results.
 
2012-09-11 03:50:52 PM  
If they don't send the work to some 3rd world nation, they'll be replaced by temps and contract staffers at a 1 to 4 ratio. Flexible staffing. Agile. Sigma 6. Lean. Whatever. It's the future.
 
2012-09-11 06:41:47 PM  
They laid off my wife yesterday. 16 years in as a programmer with EDS/HP....thankfully she works on a healthcare account and with all the retirement people leaving there are still openings in other states.
 
2012-09-11 08:57:20 PM  

rosebud_the_sled: As I recall Smegma Whitman said that she was a job creator during her race for California governor. Looks like this is what a company gets for believing a Republican. The only jobs she'll be creating are in Costa Rica, China and India. Just like her buddy Mitt.


Costa Rica! LOL. Where Mark Hurd said "the brains of the company reside". Or some such, as told to me by an HP tech not too long ago. They're better than the Indians though. I will NOT call HP support after a certain hour, b/c I know what I'll get, and it ain't pretty.
 
2012-09-11 09:09:23 PM  
It is really sad to see. It was once a great company that made a lot of high end products that commanded high end prices.
 
2012-09-11 09:46:24 PM  
rosebud_the_sled: As I recall Smegma Whitman....

I think you meant Carly Fiorina.
 
2012-09-12 02:16:43 AM  
It's funny, because some sections of the company are hiring like crazy. I think they have a situation where they've got a whole lot of the wrong people in the wrong places, and they can't do a damn thing with them.

Regardless of Meg Whitman's political craziness, she's got a fairly good track record as far as running businesses go.
 
2012-09-12 02:42:51 AM  

ekdikeo4: It's funny, because some sections of the company are hiring like crazy. I think they have a situation where they've got a whole lot of the wrong people in the wrong places, and they can't do a damn thing with them.


Yeah, and what's sad about that is that the managers who let it get that way will likely keep their jobs.
 
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