There has been a trickle of people out the door this month. My colleagues and I have September 14th as a prime date for another round. In North America, I think that Paul Hunter is measuring twice to cut once. I have not been shown the door, but expect to be.
My goal is to be in a new job by January. If you think that you are in the same boat, fear not and take action. It’s like a bad relationship that you can’t fix. Cut him/her loose and move on.
They are making the hard decisions so, no.
Is there a Senior Eecutive who can be held accountable for the huge amount of wasted resources that Pointnext was able to hoard and build a redundant empire. With the shut down of Houston personnel moved over to the Pointnext group. The VP of Americas Operations and his minions were just move over by Org Chart and given resources to expand the Pointnext team. What was ridiculous was the Redundancy of Pointnext. Example new Pointnext Supply Chain teams were created when you had existing Corporate / Regional Supply Chain teams already managing supply Chain logisitcs, suppliers, etc... I have often wondered what the sell job was to build an empire.......Amazing.
Yeah whatever. It’s not like Pointnext was super productive anyways. We used to joke that the reason why they are called “Pointnext” is because they would “point to the next person to bother” when they talked to potential customers.
A few weeks prior to HPE shutting down their campus from COVID, we had a rather large conference with many Pointnext folks complaining to us about how customers were going straight to us about solving their issues or asking for solutions that we can provide instead of going to Pointnext. They basically “threatened” us to send the customer their way first. It didn’t make sense since we had a good personal relationship with the customer but it sounded like they were desperate for work. They really wanted to use their support ticket system.
I see Pointnext spinning off and dumping HPE to go it alone.
Q3 was Q over Q performance which got highlighted. Q2 was terrible which allowed all to be happy in the next quarter.
Reality is Y over Y all segments are shrinking also without Covid impact.
The hatchet will continue to swing. Those in denial will wake up when it catches them right in the face.
It’s funny because all of my connections on LinkedIn who work at HPE are like, “WoOoOow... We did so well during Q3. Look at how well we did. Our CEO is soooooo amazing!”
And I’m like, “Yeah whatever. I wouldn’t have gotten laid off if we did so damn well last quarter.”
Antonio also talks about “important sacrifices” that were made as if we gave consent to our layoffs. I’d be more of a hero than him if that was the case.
As a previous poster suggested, HPE’s year-over-year revenue decline could be around 12%. That, combined with Antonio’s $800M restructuring plan thru to FY2022 means layoffs will continue for the next year. So far sales has been untouched but if you’re a sales rep who came over with a previous acquisition, and/or if you’re not on track to make your goal, I’d be very concerned.
Also, FY2021 will be the year that the muffin-top will finally have to be trimmed, they’re simply not going to be able to continue to carry so many Director and VP level folks who do virtually nothing.
Q3 wasn't a train wreck according to HPE. According to them it was a "Quarter marked by strong execution and sequential growth". Well they must put a positive spin on it. I'm sure that Antonio Neri said that he is "incredible proud" of everybody (in his broken english).
Only empty offices were left in Taiwan and Singapore. Doubt Singapore got any life there. A dead rock
Q3 was still an absolute train wreck but it was slightly better than Q2 for HPE. The only reason why HPE had some higher numbers (i.e. cash flow) was because of the layoffs. HPE will be the slowest to recover compared to its competitors.
Don’t forget about Antonio’s restructuring plan until 2022. That’s set in stone. Hardware/Software R&D Engineering will start migrating to Taiwan, Singapore, and India. If you don’t believe me then you can look on your website for yourself.
There’s a lot of good information at that website. There have been so many people laid off by hpe over recent years that this info needed to be organized into one place to help the multitudes.
ASAP Checklist for people leaving HPE ...before losing access to your employer's internal systems ...and in the following few weeks. https://www.hpalumni.org/asap
HPE will never be done with layoffs.