Management has confirmed that WFRs have increased over the past month in an attempt to artificially increase profit margins as much as possible before HPE goes way down south in DXC. They are cutting into lean tissue to meet goals, as all of the fat was liposuctioned long ago.
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Comment to recent comment about intellectual capital...
Just a very few years ago, HP and then HPE would pay for "blue sky patents" (and reward the inventor). These are ideas that have never been implemented (and often, not even simulated on a PC either). Never built or tested ("blue sky") patents can still be granted in the USA, and in most places in Europe as well, I believe.
HPE won't do them any more! Just another example of burning the candle at both ends of the stick... If you have a "blue sky" patent idea, do NOT bother to put it in! Your chances are either ZERO, or very close to zero!
Only patents that describe stuff you've actually implemented, need apply... And then, I would suggest NOT putting in more than one at a time. Why?
BEWARE, do NOT put in a whole bunch of these at a time, or else, HPE will lay you off, and THEN put in for your patents, and pay you NOTHING for them! The more they owe you for outstanding patents (accepted but not yet "put in" to the feds), the more they have an incentive to lay you off! In other words, they rip you off for patents, just like for un-used vacations.
By the way... Anyone suggesting that Whitman either knows what she is doing, or that she has done the right things gets my laugh of scorn!
It is amazing that a technology company with most of its value consisting of intellectual capital moves to lay off its intellectual capital to save money (instead of cutting the CEOs bonuses). I call that fraudulent corporate leadership.
I cannot believe that this will happen even to low cost countries like Philippines to think that just a few years ago, the target was to grow bigger to support other markets. I know this is not what the high cost locations want but it seems no one is safe anymore. The target is 10% of the whole workforce to be WFR before the DXC starts.
For me, it seems that it's either HPE/DXC is losing its customers everywhere that there's no more roles or they just wanted to cut people to save money. Honestly, it's counter-intuitive for low cost countries since most IT companies are growing really fast. It seems HPE/DXC is already dying.
The upside though, most people I know wants to be selected for WFR because of the package and the sad thing is that they good people are being selected because of their level, particularly for those who started with HP after their universities. Looks like one of the criteria is to pick the SPE and up employees. Problem though is that these are the employees that are actually making significant contribution over the years and carrying the load of the inexperienced employees. Another thing, this is still a good news for those selected for WFR as the market for experienced IT professionals is quite good right now. They will not have any problems looking for another job after HPE. What a waste of talent really.
My bet is, years down the line, DXC will do the mass hiring like what they did a few years back. Then they will hire freshers again then train them.
Well After 5 years in the sales channel side hitting or exceeding my number I was layed off. US. Seems like everyone has been
As someone who has worked loyally and diligently for this company through a whole series of 3rd rate CEO's Fiorini, Apotika, Hurd and seen their salary diminish in real terms for the past 15 years, WFR can not come soon enough. Meg is the first half decent CEO since John Young who has undone all the damage that her predecessors has wrought on the company, but I have paid a heavy price for staying at this company. Fine move all the work out to places where you get paid a bowl of rice, but lets be real you get what you pay for in this life and HPE don't pay much any more. Role on WFR!!!!
785 to be WFRd in UK in March.
Same people that are planning that were complaining yesterday that they have too few staff to deliver the 2017/18 pipeline.
YCNMIU
We are so lean our quality is below standard, Meg doesn't care just as long as she gets her bonus and more shares and the staff don't matter. Most people will wait around until April get what shares they are entitled to then be off. To think we used to be rated as No1 in so many areas for quality.
was this in Fremont?
A couple of days ago, I saw that my last manager had updated his LinkedIn profile. For years, he had no info and no picture on his profile, so to see his face told me that something was up. I peeked at it again today, and he has updated his tagline to say he's looking for an opportunity. I instantly felt bad for him because he was a great guy and great manager for his people.
Not sure
"Artificially increase profit margins"... Yes! Yes! Winner, winner, chicken dinner!!!
I do not know HOW terribly long ago that it was, that they increased profit margins by ANY other method, or by any honest, long-term-sustainable method...