Thread regarding HP (Hewlett-Packard) layoffs

@3ztg

Not entirely. There's more than a newer employee's salary that goes into cost expenses: health insurance enrollment, background checks, paying the people who have to onboard new employees, etc. If you layoff a newer employee a year or so later, you basically wasted a lot of time and money doing all that plus the labor involved with laying off the newer employee.

HP is more worried about saving money. They have resources to encourage new employees to be more productive since that is easier to resolve than laying them off. They're going to let go people who cost them too much money (i.e. veterans who have been with the company for a decent amount of time, is probably making six figures, and are considered redundant) and will find any rule in the book to expel those people.

The issue with many tech companies is that once they're on the slightest uptick, they hire, hire, hire. Then by Q3, they're like, "Oh cr-p. We're almost out of money. We hired too many people too quickly. Now we need to do anything we can to cover our mistakes."

Doesn’t matter whether you’re a FTE or CW, or whether you consider yourself “invaluable”to HP. No one is safe. No one!

I would have said newer employees cost less so they lay off the experience to save a buck. but lately it seems the opposite. People you are training get paid more than you.

what to do if the C suite intention is to cut cost to increase Dividend and share buybacks to prop up share price so as to benefit themselves, in an sunset and commoditized industry (print and PC respectively), at the expense of innovation and employees.

OP here:

I completely with everyone's comments so far. It really just sụcks being a supplier now for people who had great knowledge of our products. There was some great synergy and sharing some laughs.

Nowadays, I just show you all some demos but the technical questions are disappearing and all that is asked is, "How much does it cost?" Talk about cost and no more questions. Just awkwardly stare at each other in these tiny conference rooms, expecting more questions.

I'm basically presenting our products to a brick wall and when the demo comes out, everyone just acts like an ADHD child who gets to play with their toys. Then they think they're making very astute observations with their witty comments about the demo. "So how much does this cost?" Oh shut the fụck up please.

"I noticed that the people let go this year were more experienced people, allowing younger staff to stay."

Not just "younger staff" as you say, but highly inexperienced employees who only stayed through brown nosing. Some of these younger staff are highly insecure and anxiety driven individuals who were even promoted to managers without having any prior management experience whatsoever, and as such the only way they could manage was not by setting an example but by throwing their weight around.

I have seen several of them in critical positions and I thought to myself: "HP INC IS TRULY DONE."

Yeah, I really liked my contract job at HP but I bailed over a year ago because they kept furloughing the contractors. I found a much better job with a more stable company that is working on some cool, profitable projects. They love my work so I just got another raise. Life has been great since I left HP.

HP’s approach is to quietly spread out layoffs over many months to avoid it making news headlines. HP could care less about its employees, never has and never will. It’s where professional careers go to die.