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HP to Layoff 15,000 Employees

Posted by Zonk on from the good-luck dept.

William Robinson writes "ZDNet reports that HP is planning to layoff 15000 employees. IT, sales and services will be among the areas particularly hit, although the sweeping cuts will be felt throughout the company, according to a close source to the company." From the article: "HP is expected to announce the layoffs as early as Monday, but employees are not expected to be immediately notified of their status, the source said, noting such a practice is common in corporate America. More high-level discussions on the layoffs will occur late next week and employees may get a greater sense of their specific status sometime thereafter."

11 of 448 comments (clear)

  1. Severance by superpulpsicle · · Score: 5, Funny
    Severance expenses averaged $78,000 per person

    I guess this averages out with management's planned $10 million per executive along with the $1000 normal employee package.

  2. In related news... by MrDyrden · · Score: 5, Funny
    HP to hire 15,000 new outsourced workers in Bangalore, India

    Remember folks, outsourcing is good for the economy!

    1. Re:In related news... by dada21 · · Score: 4, Funny

      Don't you mean 60,000 people hired in India? :)

  3. TGI Friday.. by wfberg · · Score: 4, Funny

    Bob: "We find it's always better to fire people on a Friday."

    Bob: "Studies have statistically shown that there's less chance of an incident if you do it at the end of the week."

    --
    SCO employee? Check out the bounty
  4. Re:Vox populi, vox dei by mcgroarty · · Score: 3, Funny
    "Starting this year, HP will strive to build every one of our consumer devices to respect digital rights."
    Man. Now if only HP would respect my rights. I'll take the right to working PSC 2175 drivers for Tiger for one thing, or the right to scanner software that doesn't require an XP admin account. (Hello, vulnerability!) And here's hoping 99% of those layoffs come from the printer-scanner-copier division and the remainder consists of whoever team chose the jet engine for the ZD7000 notebook fan.
  5. Re:This economy is on fire! by joelsanda · · Score: 4, Funny

    So is this the freight train of a bull economy everyone is raving about?

    You're probably critical of Bush, too. Why, Rumsfeld and Bush alone have created more than 130,000 full-time jobs in Iraq.

    --
    The Luddites were ahead of their time.
  6. "lay off", not "layoff" by adrianmonk · · Score: 3, Funny

    Being one of the resident curmudgeonly grammar freaks, I feel inclined to point out that "layoff" is a noun, and "lay off" is a verb (phrase). Therefore, it isn't possible to "layoff" someone; instead, you must lay them off.

  7. Re:30% Work Force Reduction by Anonymous Coward · · Score: 3, Funny

    Considering your advanced proofreading and authorship skills, it's no wonder you're looking for a new job.

  8. Re:HP is the walking dead by be-fan · · Score: 3, Funny

    There is a recent HP commercial that I think is precious. They do this big commercial about the "HP Apple iPod" (ie: the product Apple developed and HP is merely reselling), then at the end the HP tagline chimes in: "HP - Invent".

    --
    A deep unwavering belief is a sure sign you're missing something...
  9. Re:30% Work Force Reduction by Reaperducer · · Score: 4, Funny

    It looks like they laid off 30% of the keys on his keyboard.

    --
    -- I'm old enough to have lived through six different meanings of the word "hacker."
  10. Re:This economy is on fire! by timeOday · · Score: 3, Funny
    Why, Rumsfeld and Bush alone have created more than 130,000 full-time jobs in Iraq.
    And quite a few of those are lifetime employment!