https://www.forbes.com/sites/sergeiklebnikov/2020/02/10/xerox-raises-takeover-bid-for-hp-to-24-per-share/
CTO retires
Find it curious that CTO retires and an interim is named. Most reputable companies have a transition plan in place for executive level positions and retirement. What’s up?
Xerox’s Hostile takeover
Greetings HP. I come in peace as an unwilling participant in this potential arranged marriage. So let’s get a discussion going. Do you think it will happen? If so, what is the predicted fallout? What do you think the stock price will look like when... — read more
How many people work at HP?
Is this the biggest location you have? How many employees are at Palo Alto?
Early retirement package
Anyone know the details on the package ? Thanks
HP needs to move to the WFR process
Considering the overall attrition goal, the EER take rate is rather insignificant. So HP now needs to move to the WFR process. Yes, 2020 will chop the bulk of the 9000 as soon as possible. And from the company perspective the sooner the better. It... — read more
Thank you HP
HP told Xerox to go pound salt. Yep they turned down the offer again. https://investor.hp.com/news/press-release-details/2020/HP-Sends-Letter-to-Xerox/default.aspx
HP is now hiring
I guess that way too many managers took the early retirement offer. Now HP is hiring a boat load of managers - in print. Also, many of the production crew in print took the offer too. Those positions are now being filled with CW's. It looks... — read more
HP layoffs now
Management informing employees of d-day happening next Monday amongst print. Will be 10% of workforce. Several around me hit.
It's amazing how many people will never learn...
Money talks. Xerox got the needed funding to acquire HP. History tells that shareholders' more than welcome this kind of short term gain for them, so it's now just a matter of time. Any move on HP side to block it will be driven solely for seeking... — read more
Once more we are on the lists of largest layoffs globaly
I'm pretty sure nobody is actually surprised by this news. This just has me extra worried for the next... — read more
Don't Let Icahn Win
Xerox is disintegrating internally at an accelerating rate. The CEO is funnelling as much money as legally possible to Icahn while the core business and sales are unsupported. No layoffs this quarter because too many people quit. There are hundreds... — read more
Furlough days canceled
I guess that HP is doing better, financially. I was just informed that the 5 furlough days to be taken by CW's before the end of January 2020 have been canceled. Not just my agency either, others are reporting the same thing.
Xerox To Shut Down Impika
https://www.nessancleary.co.uk/xerox-to-close-impika/ A well researched and largely accurate summary of what transpired between Xerox and Impika. This is a recently departed Xerox employee posting on HP's page. To be informed is to be... — read more
Corporate Raiders Knocking
Xerox lost its fight to keep corporate raiders from breaching it's defenses due to some self-serving moves on the former CEO's part. Now those same C-Suite servants of Icahn are tasked with parlaying their temporary gains at Xerox to much higher... — read more
This Is Frightening
Xerox taking over HP? Go to the Xerox page on this site and read the posts. What's striking is the vitriol and absolute loss of decorum. I'm reminded of the great zombie movie 28 Days Later. The virus will spread rapidly through HP if Xerox breaks... — read more
Furlough days are back - CW
Many CW's are reporting that their agencies have been requested by HP to take an additional 5 days off before the end of January. This is in addition to the 2 week shut down that all of HP has at the end of the year.
Hostile takeover chats deleted, why?
The hostile takeover chats on here were both deleted all if a sudden....
If you’re listening HP Execs...
Don’t let Xerox take you over. I worked for them for many years and I now work for an HP dealer. Sales are drastically picking up as customers like HP copiers and people are becoming aware HP is in the A3 market. Be patient and HP will succeed. A... — read more
HP Layoffs 2020
If the market makes a turn soon, do you think there will be HP Layoffs 2020? Any news or rumors?
Don't be the last one on the Titanic - Get to a raft!
To all current HP employees, please aggressively look for opportunities outside of the company. Be willing to take a slight pay cut or fewer benefits if necessary. Trust me, taking the risk of changing employers will only benefit you long-term. There... — read more
Want to know how this will end?
Take a look at Conduent. Xerox bought ACS to expand services. Icahn spun it off after raiding Xerox to form Conduent. Now it's buried in debt. All Xerox employees that transferred are long gone. We are living through the final chapter of the HP &... — read more
Once Icahn is involved it is not good for the employees
https://www.cnbc.com/2019/11/14/carl-icahn-takes-stake-in-hp-pushes-for-merger-with-xerox.html
This will not be pretty
I just went through the Xerox page on this forum and now I'm regretting that big time. If we thought things are bad here, there they seem to be at least two times worse. Now I'm left praying that this whole acquisition doesn't go through. Who... — read more
Synergies
The HP employees who remain after restructuring will have to accept Xerox benefits.
Everyone that applied for EER was approved
Everyone that applied for early enhanced retirement was approved. The deal was great and if you didn’t apply you miss a great opportunity since layoffs are coming after EER
As a Xerox Employee
I feel sorry for all the employees of HP. Our leadership team exists only for the short term goal of funneling money to Carl Icahn. The office is ruled by apathy and despair. Don't need large layoffs because people are quiting in large numbers every... — read more
Xerox plans takeover of HP
https://www.wsj.com/articles/xerox-considers-takeover-offer-for-hp-11573012201
All employee meeting Nov 1
All employee meeting is this Friday morning. Let's see how many hints are dropped as to what is shutting down.
Mark Hurd, Oracle CEO, has died
Mark Hurd, Oracle CEO, has died: https://www.cnn.com/2019/10/18/tech/mark-hurd-dead/index.html
HP Print Shanghai
All print R&D and QA is shutting down. Moving elsewhere. Anyone in the US better start looking....it's shutting down faster than anyone thought.
Lots of people are taking the early retirement offer
3 people in my department are taking the early retirement package. They will leave in February 2020. The retirement age was lowered to 50 for this round of offers. It use to be 55. It may start looking like a ghost town around here next year.
H1B visas
What are the chances that these layoffs are tied to the increase of H1B denials?
Boise to be phased out completely?
Commenter on another thread said Boise will be closed by 2022. Is that insider info, or just speculation?
If customer service is any indication...
it's no wonder HP is in trouble again.
Teams impacted
Any idea which teams would be impacted by WFRs
Let me get this right ...
The guy leading the failing printer business is replacing DW. Hmm, maybe DW was asked to find a health issue he needed to address? Maybe EL wasn’t being allowed to take these new “ bold and decisive” steps? People are usually replaced in these... — read more
San Diego-2 to 5 years max.
Rumors of Building 65 closing. Only one year left on lease. Remaining folks will move into Building 61. Guess where that will go....