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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.
Moore's law is not what is dying. What is dying is people's desire for "faster", at least on the personal front. I am typing this on a 4 year old MacBook air. Every single application I run on this thing launches in under a second. I can play HD video without lag. It runs anything I want to do fine because most of the heavy lifting nowadays is up in the cloud - so, why would I buy a new PC? This is the reality most people live in now.
Until some big new wave of high-demand workloads on-premise arises (VR perhaps? Holography?), demand for PCs and Tabets will continue to fall off a cliff, because people simply don't need them. This has nothing at all to do with Moore's law at all - you could build a PC 2X as fast for 1/2 the cost, people still won't buy it if they don't have a use for it.
Nah, its a consequence of Windows 10
Nobody wants to buy a new desktop or laptop if it comes with a shitty OS
Note that "across the board" does not refer to the board of directors.
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?
Your overly pedantic definition doesn't change at all why your original comment, that HPs sales decline is a "consequence of Moore's law" is inaccurate. HPs sales are dropping because the need for personal computing power has reached a plateau. Simple as that. It's the exact same reason Smartphone sales are slowing. You need killer apps to drive hardware sales, people only care about "faster" to a point.
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.
"Every time I see an adult on a bicycle, I no longer despair for the future of the human race." - H. G. Wells
Moore's Law has feck-all to do with the decline in PC sales. You're the one with the emotional attachment to it, to the extent that you ignore the highly relevant fact that most people don't care about "faster" any longer, and their needs can already be met by 10-years-old hardware.
You're quite possibly wrong in any event. We might be approaching the limits of what can be done with silicon, but who says we have to use silicon?
Il n'y a pas de Planet B.
My buddy bought a second hand, Xeon 16 physical, 32 logical core workstation with 96GB ram for under $1000. It's sandybridge era, but hot damn there's plenty of cores to spread the work around. We estimate that even though his workflow involves six different VMs, he won't need to upgrade his personal machine again for probably five years. I was considering buying one too, but I think I'll settle for a brand new i7 quad core XPS 15 with a 1050 GPU for ~$1800, which ought to last me four years or so. Maybe more. My 2012 era i5 thinkpad laptop (ivy bridge) is still faster than anything I need it for, but the screen needs updating, and to be larger as my eyesight starts to deteriorate as an adult and replaces my old "fire breathing" desktop from 2010. I'm a power user and barely find reason to upgrade my hardware, I can only imagine how long the average user can go between upgrades these days.
moox. for a new generation.
I am a 63 years old young man and I think my brain may need a software upgrade :) Or do I need to step into a Tesla coil and give my self a control alt delete reboot? :)
Who was HP? I have an HP 202C Audio Oscillator. It's one of those instruments that have the tubes (little glass bulbs that glow dimly in the dark) inside it and creates audio tones. I truly wonderful piece of test equipment. :)
Now, please remind me, who are HP now? I don't think they make test equipment; isn't it computers now? Or is it printers? I forgot. Or do they only manufacture layoffs now?
Most Respectfully Yours Mark Allyn Bellingham, Washington