HP Plans To Cut Up To 4,000 Jobs Over Next 3 Years Amid PC Slump (bloomberg.com)

Yesterday, it was reported that the PC industry is on a two-year downslide as PC shipments have declined for eight consecution quarters. Today, HP announced it will cut between 3,000 and 4,000 jobs over the next three years due to the PC slump. Bloomberg reports: The company will eliminate positions across the board, Chief Executive Officer Dion Weisler said on Thursday. The comments came as HP held its analyst meeting in New York. The reductions could include 1,000 jobs being outsourced if the number of positions edges close to 4,000, Chief Financial Officer Cathie Lesjak said. Weisler is searching for additional ways to drive profitability after his PC company gained independence last year from Hewlett Packard Enterprise, which sells corporate tech gear. Earlier this year, Weisler said HP would need to accelerate a plan announced in 2015 to eliminate about 3,000 positions over three years. Instead, those reductions are to be completed this fiscal year. HP has about 50,000 employees now. HP said the newest job cuts will generate cost savings of about $200 million to $300 million annually starting in fiscal 2020. The Palo Alto, California-based computer maker expects to take $350 million to $500 million in charges in connection with the plan, and of that tool about $200 million will be labor costs, according to a regulatory filing.

Comments

4000 firings is like a week for HPE

[BenJeremy]

I can't call them "layoffs" because that term is reserved for employees who are welcomed back at some point. Meg and her cronies also drastically reduced HPE's contribution toward benefits, particularly for the NewCorp spinoff people - meanwhile, the plans offered have become more expensive as well, with prescription copays as much as $50 for 30 day supplies. It's effectively a huge pay cut. They are daring the remaining employees to quit, by bringing morale to an all-time low with employee-hostile policies.

Meg actually had the nerve to cheerfully tell the people watching/attending an all-employee town hall how great it was that they were moving so many jobs from high cost countries (i.e. US, Canada and Europe) to low cost countries. Sociopath much?

Re:Moores Law

[DanDD]

Your assertion that Moore's Law is dead is akin to a similar assertion over 100 years ago that "everything that can be invented has been invented", and that the patent offices should be closed.

Go download Google's open source Tensorflow (an AI Machine Learning library), and try some real machine learning on real-time sensors and data streams. You'll quickly realize the highest end workstations can't keep up.

Now delve into a bit of devices physics. The easy gains in speed for silicon transistors have been made. There are still advances to be made, but different device physics that allow switching into the terahertz might just reset the clock on Moore's Law, which is just what's needed in all sorts of fields, such as AI.