HP wants me to commute an hour to work every day to sit in the cafeteria with and engineer software with my laptop 8 hours a day. I can drive 5 more miles for $20k more. I kind of appreciate Meg for kicking me in the ass and forcing me to find a better place to work. Most of my team will be gone by the end of the year, taking with them years of experience and pretty much ALL of the knowledge of our client's systems with them as they also find better places to work.
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Morale at the company is at an all time low. None of the "low level" employees have a single investment in HP, thanks to years of poor leadership and HP's executives hoarding cash and stock options and denying raises just to match inflation. They have no reason to stay, particularly when upper management is seemingly selecting WFR targets randomly. This year's focal point reviews are a joke, intentionally spiking so nobody can complain when they don't get a raise (after all, we should all feel lucky if we still have a job by November, right?). As they say: "The beatings will continue until morale improves" - somebody should remind Meg this is NOT real advice for managing a service company's most important assets.
@Anonymous157292 - I am in Chicago area. We are in the same boat. We are underpaid, and each of us can easily (OK, maybe not that easily) find job outside of HP. I think this push made people realize that we are not appreciated any more and many folks will leave. Keep in mind that some of our guys are on this client for over 8 years, so there is a ton of knowledge here. HP will not stay on this client and will lose the account if people start leaving. We have been making money big time with hefty margins for a while. Look what they did. They will lose people who make them money, the will save a bit of payroll cost but revenue will decline dramatically. Since we were much profitable, profitability will drop even more. This pattern will be repeating on hundreds of clients HP has across the nation. I have no clue what's going on in HP outside US so I am not gonna comment on this. Anyhow, I think the US workforce will be hit the most and everyone is expecting it. So, how is HP going to survive, that's a puzzle to me. Really, on the enterprise side people are our only asset (OK, we have some laptops, that's it) and if we start losing people, we start losing experience we are hosed. We already compete with Accenture on this client, they smell blood already. I think what Accenture needs to do is just approach our staff, hire them and the client will simply go to Accenture and ask them if they can continue to do what HP was doing before. It's really not about HP and layoffs, pink slips, firings, RIFs, redundancies, etc. It's all about people and very big tragedy that all HP folks are going through right now.