HP to Layoff 15,000 Employees

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."

Comments

30% Work Force Reduction

[premii]

Thy are no planning, its already been started month ago, my team got laid off couple weeks ago. and before us, atleast 15-20 people got laid off out of around 200 people at Dearborn, MI location. and thy are planning to reduce atleast 30% of work force, and off shoring to Toronto, Malasiya and India, and replacing with cheap contract.

Agilent

[geekee]

"Hewlett and Packard would be astonished at what their company is doing today."

The company Hewlett and Packard founded is now called Agilent. What HP does now has nothing to do with what they did originally.

Re:Severance

[patio11]

$21 million over 15,000 employees = $1400 of the average severance cost was as a direct result of her package. Not an insignificant number, also not a huge number compared to $78,000. Note that expenses associated with laying off an employee aren't limited to severance pay, though (just like costs associated with hiring aren't limited to salary).