Thread regarding Hewlett Packard Enterprise (HPE) layoffs

Taking a 20% pay cut to leave HPE?

I am still at HPE but have an offer on the table for a job with a much more stable company, great work & benefits, but a 20% pay cut. I really like the work I am doing at HPE.

After a full review of my finances, my family can/is prepared to deal with the less pay coming in.

The opportunity is there with the new position to advance to a higher pay/level, but obviously nothing guaranteed.

I'm usually OK dealing with uncertainty, but the past few years has consumed me with layoff fears. I think I know what the answer is, but if anyone could look at the reasons to stay...even if they may not be your reasons and weigh those against taking the pay cut.

I don't really have anyone I can reach out to who can offer solid advice so I'm asking for real replies for me to consider.

Thanks you and my prayers are with those still in the search.

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| 3313 views | | 17 replies (last May 24, 2020) | Reply
Post ID: @OP+IHGmq7R

17 replies (most recent on top)

This post is from 4 years ago ...

Same answer.

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Post ID: @mqwwz+IHGmq7R

This is a no brainer! Leave ASAP while you still can. Trust me, in a few years you'll be glad that you left the dying hpe. I left three years ago after 29 years, and even though I took a pay cut, I am so much happier!

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Post ID: @mpxmh+IHGmq7R

If you made the decision to find a new job and the Ship is sinking sometimes its better to go on your own terms. Plus its easier to find a job when you have one versus waiting to be laid off and then scrambling, Personally I would tell the new company you want the job but cant handle the 20 percent pay cut, ask them if they can do better on the offer or shoot for extra vacation time, or whatever.

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Post ID: @pbmu+IHGmq7R

I worked for HP/EDS for 16 years. Looking back, it was foolish to stay so long... especially living in the DFW metro area. Vistas of opportunity passed me by over the years. Despite all the postponed vacations and 70hr work weeks, eroded performance bonuses (eventually down to $100 from maybe $2000) and a 0-1.5% increase every 18-24, In 2014 they gave me the boot. Back when I started EDS/HP, "offshoring" was an idea. In 2016 "offshoring" is the reality that large corporations have come to rely on to be competitive. My job search... 6 months. My current pay... $9K less than at HP end. Understand, there are pay grades. KNOW YOURs. If you're at the top of yours, that's a strike... seek a new job title or new company. - Considering the state of HP, I'd jump on the opportunity, curtail your monthly spending, and leisurely plan your next move, or see how you grow into the new position. - Upward pay still happens but is no longer a given. Pay cuts and lateral moves are a growing reality. Anybody who tells you different... either management types, sales types, engineers, or older execs about to pull the golden rip cord. - God bless and good luck.

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Post ID: @fbav+IHGmq7R

You need to negotiate with the new company, I have never seen anyone leave a job for less money! Worse case scenario make a lateral move, never take less than what you are worth... Its not good for you, or the employer... You will be going to work thinking they are ripping you off or that company does not value your skills ( I understand thats what you have at HPE NOW! )... If they can't afford you, I would worry about that company being around in the next six months... You have a job, you have an offer, look for a better job and a better offer... If you take this job you will be looking for another job the day you start at the new company...

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Post ID: @6uez+IHGmq7R

You have a job, so you should be able to negotiate at least what you are making now. HPE isn't so horrible that other companies shouldn't at least have to make some effort to lure you away, and I say this as one of HPE's biggest critics.

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Post ID: @2pwb+IHGmq7R

Everyone's situation is unique, of course. Personally, I wouldn't voluntarily take a 20% salary cut unless I were already WFR'd and had no income. Diligently look for a higher offer while you still have a paycheck coming in. It will take several years of standard raises at most companies to make up that lost ground. Many of us still here are on a paid job search right now.

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Post ID: @2wzh+IHGmq7R

Bye-bye

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Post ID: @2xlv+IHGmq7R

Considering the lack of raises and bonuses for most HPE personnel, taking a pay cut for the opportunity of actually GETTING raises and bonuses might be a vast improvement on your situation from a holistic perspective.

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Post ID: @1idp+IHGmq7R

If you decline the offer... Could you please share the details of the job here? I would be extremely happy to include me among the hundreds (if not thousands) that will be applying to it. When opportunity knocks... Open the freaking door!

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Post ID: @1dfa+IHGmq7R

Wait for a better offer. You like your job so why work for less? You made it this far so plug away and negotiate a better offer or find a new job that pays more. Don't go backwards.

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Post ID: @1nhk+IHGmq7R

Wake up! HPE is being disembowled as we type. Already moved hardware and printers to HP, now the ES merger with CSC, and she iS selling all the remaining worthwhile parts to private investors. We are all dinosaurs come Fall. Run! Run! Get out of here ASAP on the first life raft you find. I am only here waiting for the severance package - but even that is not garunteed. In fact the package has steadily gotten less favorable for the employee. I have had a 2% raise in salary in past 5 years, 20% paycut is probably where I am when you factor inflation and increasing healthcare costs. Gosh - why am I still typing - TAKE that offer and do not look back.

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Post ID: @1xlp+IHGmq7R

Run forest! Run!!

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Post ID: @1klk+IHGmq7R

Go forward & never look back

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Post ID: @bkw+IHGmq7R

I will support earlier posters and say go and keep misplaced loyalty to HP/HPE in check. The only reason to stay is that it's familiar and 'feels' safe but it isn't. If you can take the leap financially then do so. Other companies actually offer some great compensation in salary benefits stock bonuses and security. You will not get any of the above with HP /HPE and could stand to lose purchasing power vacation benefits and dignity.

Best of luck.

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Post ID: @hgx+IHGmq7R

Leave, and further along the road look for another opportunity that better aligns to your financial (2) your beloved peers won't pay your bills - and most will disappear, and (3) you owe no loyalty to either the HP or HPE brands. Time to go, buddy... Congrats on this new career/life chapter!

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Post ID: @gbm+IHGmq7R

At HPE, raises are not common so if the opportunity exists that is already a plus for the other job. Having recently changed jobs, I can honestly say I would never go back and am happier now than I have been in a long time. Ultimately the choice is yours, but opportunities are a gateway to bigger better things.

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Post ID: @cht+IHGmq7R

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