Leaders being told this week. Looks like 10% in Mark Bakers Ops group (Supply Chain, Manufacturing, Services, Support).
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Taipei will be first to get axe.
Does there any layoff news was heard in Taipei office?
Confirming my manager was let go this morning.. server BU
it has begun
@actual HPE VP
Typical thought process. Cut big now, hire cheaper in a few months. It's the usual slow spiral to the bottom.
10% is not for all functions
I believe the timing is legitimate. HPE EOQ is 4/30/25. If people leaders (managers) wait until then to ensure a good push to the end of April, the 1st and 3rd Mondays of May sound plausible (May 5th and 19th). If the 10% is real, that wouldn't look good on leadership internally, the exec's mentioned in the all-hands and in email that ~2500 would be wfr'ed and another ~500 through attrition over 12-18 months.
Work force reduction pdf's were updated to show "April 2025" at the start of each document, so May sounds like a real thing.
Not necessarily claiming that “Actual HPE VP” is lying, but let’s all remember that this is an anonymous Internet forum. As such, I’d take bold claims such as these with a grain of salt for sure.
So, 5,000 cuts globally. This is fu--ing sh-t. Do you know about packages? Do you know if the company’s direction is to keep internals over contractors?
Info comes from senior HR communications with senior leaders aka VP and above (emails and Teams meetings). I am either lucky or unlucky enough to be part of that group. I haven't decided yet. I've never been at a company where we just lop 10% of the workforce and blame everyone but ourselves. I'm a newer VP within say the last 3-7 years and won't get more specific than that.
Where’s this info coming from? Just trying to understand how solid it is.
It's 10% from each EVP. Antonio and Marie went to the other EVPs & all the SVPs and said cut 10%.
The reason it's 10 and not 5 like Antonio said in his email is it's better do a bigger cut now and then lift the hiring freeze since they're lower cost. So we cut 10% or around 5000, hire up to 2500 new, and still hit the 5% cut target.
It's not all EU & US despite claims saying so.
Most leaders are doing their cuts the first and third weeks in May. Expect mixed timing because Q2 looks weak and they don't want to scare everyone off the best possible finish to the quarter. There will be another round come October, like every year.
Makes sense. All US or EU.