Hundreds? Thousands?
5 replies (most recent on top)
HP guy here. Hello. Our 9000 include a large chunk of Samsung hombres we merged with... was it last year? BTW, I should also mentioned that I am an ex EK guy too who lived through interesting times on Lake Avenue. Nothing surprises me anymore.
Every employee would have to take a permanent $33,000 cut (60k employees, $2B annual savings). Or, 20,000 employee reduction ($2B/$100k emp sal avg). Painful and unreasonable cutback levels. Wall Street head in the sand.
Xerox would buy HP and continue laying of people at HP (who recently pledged to layoff 9,000 employees).
This would probably be a good thing for both companies, plus Xerox would now have a new industry - personal comupters. The irony.
The majority of restructuring would happen within HP as Xerox has had a head start and HP is just getting started with their restructuring.
They said it would save 1.1Billion in duplication of work.