So I had to come back to this site and write this after hearing about "HPE Next" via lunch with an HPE colleague I used to work with.
You see the writing on the wall, more layoffs are to be expected, you feel your job is not safe, morale is in the toilet, the environment is toxic, you do not like what HPE has become and maybe you even don't like what you've become. Then you know what you need to do: start looking outside of HPE! Your manager may find out thru the grapevine, but certainly he/she will understand why.
Mental roadblocks may get in the way:
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a new job may require moving or telecommuting
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a new job might give you a lower salary (or a higher one; you don't know yet)
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you're an old dog that can't learn new tricks (absolutely wrong!)
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you feel you don't have the right skills the market wants. (How will you know if you don't try and apply? You can always retrain!)
The jobs are out there! It's certainly not like the tech bubble of the late 90s, but it's also not the bubble-bursting recession of a decade ago. Apply and find out what your opportunities are and open yourself up to options you can pick from. Always keep a positive attitude when applying; no one wants to interview or hire a whiner/complainer/Debbie Downer.
Of course, you can continue staying at HPE.
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hoping you won't get WFRed, even though you know the layoffs are absolutely coming. Meg has indirectly labelled employees as part of the "cost structure" in her talks. She's even nicknamed her new initiative to further address the "cost structure" with "HPE Next". You just don't know what, when, where, or who will part of "HPE Next". But you're OK with sticking around to find out hoping you won't be part of that program.
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getting WFR'd and dealing with expensive COBRA insurance (U.S. employees) while you have no job. You may find it's a little bit harder to find a new job as potential new employers wonder why you were laid off. A bit of depression may set in, but you will get out of that rut and eventually land a new job.
I'm an HP/E veteran who left HPE late last year on my own volition. I loved working at HP during my early years. We had great, smart, hard-working employees at a great company. Poor, short-term decision-making and drama from the top (CEOs, board members, and executives) have ruined HP/E, not the rank-and-file employees. The continuing WFRs since the HP/HPE split as well as the announced spinoffs was, IMHO, the beginning of the end of HPE. I could not see how HPE could sustain its livelihood after spinning off HPE Enterprise, Software and Cloud to go back to just making commodity servers, storage boxes, and network switches. I didn't want to be part of the "new, streamlined" HPE, so I went job shopping. It has been a win/win situation since HPE no longer has me as part of their "cost structure" and the new job is better than the one I left.
In summary, I'm just suggesting if you are unsure about the security of your job, remove the mental road blocks and take action to look around while you're still employed. You won't know what opportunities are available in this job market if you don't open your eyes and look. If you are sure your job is in jeopardy, don't let HPE put you in a quandry and push you out the door; take control of your own career and walk out the door yourself.
Good Luck HPE employees!