Historically, the day after the MLK Holiday is the second most brutal day of layoffs announcements in HPE - only surpassed by the ones done mid-October. Tic toc tic toc tic toc...
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It is not as easy as said ...."job in a company down the road".
For 50+ folks, the chances of landing a job anywhere are 1 in 100 or even worse
"HP Inc found its way and it is a more or less stable company"
I mean HP has also had 3,000 - 5,000 layoffs so it's not exactly like the PC and Printer business is one for the future.
The long and short of it is that if you are afraid of layoffs, don't work for a legacy tech company - HP, Dell, Cisco, IBM, etc. are all going to continue to have layoffs. There are plenty of fast growing tech companies down the road with hundreds of job openings.
I can even understand Meg's logic of a smaller company. But if she wanted a small and nimble company, this plan should be executed at once right after the split of HP/HPE. HP Inc found its way and it is a more or less stable company, while HPE is just F.U.D. The split started in 2015, and here we are three years after at HPE with a company without any market presence nor clear direction. Congrats to the former colleagues at HP - you are in a company that at least have good products and have a future. Unfortunately all the arrogant execs (who said that in the past that the former PSG was a dead business) are now in HPE and do not have a clue what to do now. Unfortunately HPE has no foreseeable future, and all we can think is when the next WFR will take place.
Considering almost no one at HPE was around for the “HP Way” and most were from other companies acquired over time or hired the past five years, you can’t kill a culture that never existed.
They should just layoff everyone and liquidate so my stock will finally reach its maximum. It sure as heck isn’t happening with a workforce of whiners who spend all their time looking backwards and making products no one wants.
As long as it is still Meg as the CEO until end of January, we all can expect ongoing WFR's. We dont know yet if Antonio will reverse the trend and try to bring back the HP Way or he will be another puppet by the greedy BoD.
I worked with EDS for 30 years. It started out as trying to be the best IT solution provider in the industry. When we were bidding for new business, we spent some time discussing money, but most of the time we discussed how we were going to deliver, followed by staffing, putting aside funds for training, promotions, raises etc. By the time I retired, conversations were all about recognizing as much profit as possible, moving any contingency money into profits at the start of the project, limiting any training, travel, expenses, increases in pay and bonuses to the absolute minimum etc. It was recognized that a shifty accountant could actually squeeze more profit than a new contract which delivered real benefits. Even attended meetings where Human Resources were congratulated for coming up with ideas to get people to quit without having to pay any severance. The entire edifice became a scam company, rarely delivering value for clients, with the employees and management just worried about covering their backs. It became and still is, a nasty place to work with threats and bullying substituting for leadership and pride in what people accomplish.