Company is planning another wave of layoff in addition to the current one. Annoucement coming out soon in the next couple of weeks.
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It’s been a little over “a couple weeks” now. Are the new wave of layoffs still gonna be announced within the coming days, or is it safe to say that this thread didn’t age well…? I swear some people really are full of it. Shout out to the one poster who actually posted a source to back up their statement. The original poster of this thread is a loser.
3 layoffs yesterday
When the whole world is hiring, hpq is busy slashing headcount
That is actually a big part of the problem. Many other tech companies (e.g. "big tech") significantly overhired. It was a very common practice to hire SW engineers without any actual planned work/role. A mix of "just in case" or hiring so the competition could not.
Not only were engineers being hired w/o necessarily any work to do, but at crazy comp. Obviously there are many factors in play with the current inflation situation, but this was of them.
Does HP have a great growth story? No. But did they avoid hiring irresponsibly like many others? Yes.
This is why HPs cuts are projected out to 2025, not near-immediately like most of big tech. And.... I will speculate that much of it is smoke and mirrors. Will some people get laid off? Sure, but I think most will come from organic attrition (and not backfilled) or synergies coming from M&A that would have happened anyway.
Take a look at the 9k or whatever Dion promised the street that also had a multi-year timeline. Were people laid off? Yeah. Were there mass multi-thousand layoffs like we are seeing elsewhere? Nope. And.... we actually ended up the close to the same HC, possibly even a bit larger, at the close of that period.
I got out of HP several years ago when the IT sector was still relatively healthy and many companies were hiring. I left HP because I, like many others, saw the writing on the wall that HP was no longer innovating and had nearly flat growth YoY. So I knew that more layoffs were inevitable.
If you’re still at HP, hold on for the ride because IT jobs are scarce with tons of people looking for work. If you can get out of HP, please do it. But it won’t be easy to find anything now especially if you have not expanded your skills with beyond PCs and Print.
When the whole world is hiring, hpq is busy slashing headcount. So when the whole world is slashing headcount, do you think this company will stop at 6k layoff. Think again when co like amazon, meta and many more are having second/third rounds of layoff, hpq will not stopped at 6k. Too good and opportunity to let slip to layoff more.
We haven’t even cut the 6000 in the first round so seems unlikely to announce more on top of it before we cut original number. Logic just doesn’t make sense
@3vcr+1lE1VDRm That was a couple of months ago; old news in todays times
Here’s a source from a couple months ago stating that there are no plans for further layoffs so I’m curious where OP got this news about the additional layoffs from although I’m not denying it completely as talk is cheap from almost everyone after all.
https://breakingthenews.net/Article/HP-CEO:-No-plans-for-more-layoffs/59291443
No one is safe, even senior positions/managers. Structures are being collapsed to cut roles, with further dropped in business on print side sunset business. Pc is experiencing a huge downturn now.
Why on earth do people stay at HP? A friend and former colleague of mine never thought he would be an HP layoff victim, yet here he is having been WFRd last November and still cannot find a job. He foolishly bought into the “HP family” baloney and got burned as a result.
If you actually think that HP managers are a bunch of sweethearts, then you’re a fool. Stay at HP at your own risk, it’s a slowly dying company. That much should be obvious.
How about Facebook? Zuck promised no more layoffs for a while, then the 10k. They are all in this together.
HP print business is shrinking 7% every year, and customers are very unhappy about the instant ink deceptive practices (your "free" cartridge stops working if you cancel the plan). Revenue also collapsed 19% year over year.
Highly unluckily. An additional announcement would have been done less than a month ago at the annual earnings call. Any reductions will be targeted and part the up to 6k announced through end of 2025.
Over and above the 6k that's already been announced. 3 to 4 k more to come.
Do you mean that it’s going to be a new wave that's already part of the planned 6k layoffs throughout 2025? Or is it going to be an addition wave of layoffs on top of the already announced 6k?