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HP To Jettison Up To 30,000 Jobs As Part of Spinoff
An anonymous reader writes: Hewlett-Packard says its upcoming spinoff of its technology divisions focused on software, consulting and data analysis will eliminate up to 30,000 jobs. The cuts announced Tuesday will be within the newly formed Hewlett Packard Enterprise, which is splitting from the Palo Alto, California company's personal computer and printing operation. "The new reductions amount to about 10 percent of the new company's workforce, and will save about $2.7 billion in annual operating costs." The split is scheduled to be completed by the end of next month. "The head of the group, Mike Nefkens, outlined a plan under which it is cutting jobs in what he called 'high-cost countries' and moving them to low-cost countries. He said that by the end of HP Enterprise’s fiscal year 2018, only 40 percent of the group’s work force will be located in high-cost countries."
So the investors and executives cared more for the quick buck instead of long-term growth of the company. What a shame...
"The purge announced Tuesday will occur within the newly formed Hewlett Packard Enterprise, a bundle of technology divisions focused on software, consulting and data analysis that is splitting off from the company's personal computer and printing operations."
Wha? They are keeping consumer business, spinning off the Enterprise business, and it will be moving to low wage nations?!?! I thought enterprise was the high paying american jobs, and consumer was the cheap, crappy stuff that would get outsourced to China?
"Hmm, what happens when you have no customers left in the "high-cost countries" to buy your kit?"
Well, you'll sell them to the high-grow countries, which happen to be those where you outsourced to.
Think of it: where would you want to be selling printers in ten years? A country already full of printers, where you can only sell for those that break and less paper is used at home, or to a country which is growing and basically doesn't have one?
Do you think HP gives a damn if it's selling devices and services to USA or the new generation of growing companies and middle class in India?
And even if it ended up utterly wrong in ten years, do you think the high executives that will get their ginormous bonuses in less than five will give a damn?
I don't know. Why don't we start with:
Actually, there are a lot better grounds to attack Carly. Like today, she rails against the Iran agreement, but as HP CEO, she authorized a foreign subsidiary - Redington Gulf - to sell HP products into Iran, in order to get around the sanctions. She criticizes Trump for his immigration stance, but as HP CEO and even as McCain's advisor (when he ran for president), she supported amnesty, just like McCain did.
For the record, I do agree w/ most of the GOP platform. I just think that Carly would be as bad as Bush or Gramm if she was elected.
So HP 'Enterprise Services' is now no longer a part of HP? Well, what else does one expect, when they ain't much different from Wipro these days? But this company will just get eviscerated by the likes of Infosys, HCL, Wipro and even TCS and Tech Mahindra.
"Most of the cuts will occur in HPâ(TM)s long-troubled Enterprise Services unit and may be offset by new hires in that unit."
E.S. is basically what they are selling off. Most of the jobs will be bought by an outsourcing company. It was on this site not too long ago, and in the summary so you could avoid the article.
I know at least 500 people from HPES, and there are overpaid and underpaid people. Guess who gets the axe? That's right, the overpaid people. Not the "expensive and worth it" but overpaid.
I'm guessing lots of middle management cuts, where people built a team to look important but do little.
Job cuts aren't always bad, sometimes the job should never have existed.
How else can you do the opposite of a merger and save money? Hiring cheap replacements is a very tiny part of the answer. Take your knee jerk cynicism elsewhere, and meanwhile learn before posting. All if it was posted right here, in dorkslush, so you didn't have to exert much energy at all.
I collect, repair and use classic test gear. I have a good collection of tektronix, hp, keithley, fluke (pretty much all 'just names' at this point; danaher ruined most of them, sigh). the old stuff is amazing, almost magic. the new stuff is overpriced (even by hp standards) and is not designed to last. on the eevblog forum, there was a big thread about an agilent high-end handheld DMM that bricked itself during a fw update and hp's reply was 'sorry, we can't fix it; its not fixable by design'. really??? what the fuck! no backup boot block and no way to jtag fix it? you can't be serious. big stink on eevblog and it taught many of us that we should now avoid hp^H^Hagilent^H^Hkeysight for test/meas gear.
the stuff they make now will never be called 'classic'. its all disposble and even the chinese scopes like rigol and its ilk beat the snot out of the old school brand names, that pretty much invented the tech, 50 or more years ago.
I interviewed at hp in palo alto a few months ago. it took months, they dragged their feet, they could not decide, they could not define what they wanted and after nearly a whole day there, they gave me a thumbs down with no reason given. months of 'we want you!' bullshit from the recruiter only to find that the team does not even know what it wants.
you'd have to be nuts to apply to hp (or amazon, for that matter) these days. perhaps I dodged a bullet by not getting the job at hp.
gotta say, though, the inside of HP looked quite dreary. lame-ass open office, no space for personal stuff, not even cups in the break room (seriously; I had to ask to borrow someone's coffee mug at their desk when I 'dared' ask for some water to keep near me during my interview.)
HP is dead. parts of it don't know it yet, but they are 'dead men walking'.
really a shame. HP was a tier-1 company in their day. when I was starting out, working for DEC or HP or Sun or SGI was the best place to be (all high end unix and unix-like workstation companies and all were great to work for back in the day). now, what do we have? essentially none of those computer companies are around anymore. their culture, which was a valuable part of who they were, has all washed away, as well. the 'hp way' died 15 years ago or more.
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"It is now safe to switch off your computer."
Disclaimer: I work for HPE. Anyway, the split isn't quite done yet. We just changed email domains last week, and the internal sites are still in the process of splitting. Funny you mention Wipro, much of our unix and wintel support has long ago been outsourced to them. My facility is in Tulsa, we mostly support various airlines and have the SABRE mainframes in our basement.
Why H1Bs when you can open an entire branch office in India?
Life is not for the lazy.
The Republican party was founded by religious conservatives who were opposed to the sin of slavery. The only-give-a-damn-about-themselves-and-money wing of the GOP were originally the Whigs who were the party in opposition to the Democrats before the Republican party was created. Like all such people, they were too self-centered to take up an "icky" moral cause. When they made it clear that they had no principles beyond their own wealth and comfort, the American public rejected them and their party collapsed into oblivion. The idea that the modern GOP has been "taken over" by the very religious people who founded it is a joke pushed by the secular Whigs who've been trying to convert the GOP back into the Whig party of 1850 for many decades.
You say "the Republican party left you" ..... impossible if you are a so-called "moderate".
in what specific way? The GOP of today is far more left-wing and liberal than it was during the Reagan years; it's even to the left of where the DEMOCRATS were in the early 80's. Many in the GOP today are for drug legalization, and gay marriage (positions too far to the left for any DEMOCRAT to endorse in 1980). The GOP of George W Bush (from a family of modern Whigs who, like the Romney family worked very hard to prevent Reagan from getting elected) grew entitlements more than many Democrats have done (remember his prescription drug program?) and his dad slashed the nation's defenses more than most Democrats had dreamed of. The GOP of today is far less socially conservative, far less religious, far less defense-hawkish, and far less economically-conservative than it has ever been since its founding.
The GOP left me, but for exactly the opposite reason. 8 years of Bush, where after 9/11, he kept gushing about Islam and kissing @$$ to the Saudis, Qataris & Paks. Opening the doors wide open to illegal immigration in an attempt to make the Hispanic vote the GOP's Black vote. Signing campaign finance reform, and capitulating on the Gang of 14. Speaking of which, McCain becoming the GOP nominee in 2008 was the last straw: even though I disagreed completely w/ Obama, I was glad that he knocked both Hilary and McCain out of the race.
In the current party, I support Cruz, but I'm glad Trump is in - he is the one person who can outspend Bush, who'd otherwise have gotten the nomination. The GOP establishment would normally have backed Jeb against anyone else to give him a headstart, but in this case, they dare not, since they fear Trump is capable of pulling off a third party run, if they piss him off too much. I want Trump to burn out Jeb's money machine: he's the one guy capable of it. Once he's done, I'd be fine w/ either him or Cruz getting to the top of the ticket.