I was under the impression there would be no more layoffs for the year, as even Phil said in the last all employee meeting their budget was done for 2018, so no more cuts to be made.
I'm hearing now that they are about to start back up again with the cuts again soon.
People have been let go...
Ah yes, the triannual shuffling of the deck switcheroo to bamboozle everyone including ourselves
It appears to be related to the formation of the Hybrid-IT business group. As it was communicated last week, there is now first step (for the nth time) "is to align our organizational structure to our goals".
With that HPE has now three business groups: Hybrid IT, Intelligent Edge (Aruba), and HPE Financial Services.
For the overall HPE survival that statement is probably a good thing:
"This will require some cultural, organizational, and operational shifts. It will take everyone having a “one team” mentality to realize the potential of our new business group."
For the individual employees that probably means more changes, more reshuffling, more offshoring, more WFR.
Talking about WFR: like every year there are rumors that the FY19 severance packages will be significantly sized down vs the ones in FY18 and FY17. Does anyone have a view here? I guess the comments on this will be rolling-in in November.
Just came back from disability and was WFR'ed immediately.
They have in fact started as I was notified last week and many more will be getting similar calls in the next week or two.
Considering that HPE's net income in FYI 2017 was a paltry $344M, you know that it's under great Wall St pressure to improve that. This means cost cutting, which means more layoffs.
as our MD here told on his last AEM plan is to replace "expensive" veterans with cheap interns. That's the way myself and my team understood it
Yes the layoffs will continue. And really at a quite regular interval. You have to understand these layoffs are in no way correlated to the budget; or any other financial metric. Layoffs are an attempt to exert authority and control over the masses. Nothing more, nothing less. You can either find a rewarding job outside of here, or succumb to the abuse. Choice is totally yours.