Huge HP layoff (10,000-25,000) expected any day

[Newsjock]

http://www.mercurynews.com/mld/mercurynews/business/12138800.htm

By Therese Poletti
Mercury News

Hewlett-Packard could announce the layoff of as many as 10,000 to 25,000 employees next week as part of a plan to restructure the Palo Alto technology giant, according to Wall Street analysts.

Such a shake-up has been anticipated since HP Chief Executive Mark Hurd replaced ousted CEO Carly Fiorina in April. Some HP workers have taken to calling the expected reorganization ``the Big One.''

... On Thursday, Cindy Shaw, an analyst at Moors & Cabot, issued a report citing a Silicon Valley insider who said HP may announce a management reorganization as early as Monday that could include widely expected layoffs. Shaw's report was the first to predict job cuts could be as high as 25,000. HP employs 9,000 people in the Bay Area and 150,000 people worldwide.

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[HughBeaumont]

1. Anytime Shill Cavuto spouts his rosy Bushconomy song and dance

. . . not that I WATCH Faux, mind you, especially not his nauseating analingus this fat friar gives the BFEE every week . . . but I simply cannot fathom his refusal to believe people AREN'T being hurt by rampant class destruction by CEOs enabled by Repuke anti-worker policies.

Notice how in these layoffs it's NEVER the executive level that has to pay for bad management. It's ALWAYS the workers . . . ALWAYS.

[Bush_Eats_Beef]

2. But TWO DAYS AGO, Little Scotty McClellan said...

"The President's tax cuts and pro-growth economic policies are fueling growth and job creation. We've seen 3.7 -- more than 3.7 million jobs created over the past 25 months. The unemployment rate is down to 5 percent. The economic growth that is fueled by the President's tax cuts are leading to significant increases in revenues, as Josh pointed out."

http://www.whitehouse.gov/news/releases/2005/07/20050713-9.html

So, is our economy STRONG and GETTIN' STRONGER or WHAT? Is the San Jose Mercury News LYING to us? I live in Silicon Valley...I need to know! PLEASE, President Bush...tell us that everything is going to be OK!

:sarcasm:

:evilgrin:

[bunny planet]

8. Oh my G_d, that is the most disgusting picture ever, is that Photoshopped?

It can't be real.

[Neshanic]

13. It better be, I just threw up a little in my mouth.

[Lindacooks]

15. It's real, except chimpy is in Rove's place.

And yes, McCain did hug chimpy exactly like that, which is why I have absolutely no respect for him at all anymore. Why on earth would anybody worship someone who smeared you and questioned your mental stability?

[XemaSab]

17. Dare I say

because the Chimpster was right???

[leesa]

39. Well, half and half maybe...McCain's nuts, but I don't think he has a

black love-child.

[XemaSab]

42. You don't think

he digs the brown sugar?

[bunny planet]

25. Yes I remember McCain's pathetic hugging of Chimpy, just didn't remember

him doing it with KKKarl. Hey John, did you know that you might as well have hugged Karl, he only smeared you because Chimpy wanted him to.

[Skittles]

34. Linda, I am exactly there with you

that was THE pivotal moment I lost ALL shred of respect for McCain - he crossed the line bigtime becoming a bush whore.

[0007]

11. Thanks for the laugh!

[TahitiNut]

3. Pre-Carly HP would put employees on 4-day week with 15% pay reduction

Managment would take a 10% reduction with no reduction in hours ... all to avoid a layoff. That corporate policy gained HP one of the most loyal workforces in the US ... and a workforce the embodied a "corporate memory" that was extraordinarily powerful.

The rape-and-pillage mismanagement style has destroyed any remnant of the myth of employee loyalty. The war on the working class is taking no prisoners.

[Mairead]

7. I predict HP will go the same way Digital did.

Hurd is following the same bean-counter strategy that killed Digital and other companies that once held market-leader positions. Get rid of the older engineers who embody the company's expertise, cut R&D to boost short-term profitability...and then sell up and run before the chickens come home to roost.

Some of these guys just don't seem able to learn. Or perhaps it's that the only people who suffer are the working people, not the suits who are taking all the decisions or the traders dealing the stock on Wall St.

[ramapo]

16. The Deccies still suffer

I was with Digital from 1987-1993, the end of the glory days. The company was destroyed by bean-counters. Productive, revenue-generating field employees were cut while deadwood managers saved their own asses.
The company had such incredible technology, some of it still unmatched today.

I still have a few friends at HP who have survived the never-ending layoffs that have gone on for nearly 15 years at DEC/Compaq/HP. HP too was a great company with great products. It is already a shell of its former self. I think their toner products are what keep the company going.

[barb162]

35. yes the toner products get an enormous markup according

to my contact there

[barb162]

22. Yes, I know a lifer at HP and pre Carly, all the tech people loved

to work there. Lots of loyalty both ways. Carly came and didn't give a crap about the tech types and layoffs happened and that dumbass merger.

[EVDebs]

4. Are they being 'Bangalored' ? And with GM layoffs of 25K

This means Bush's economy has yet to create a NET NEW JOB since January 2001.

http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=736493

[area51]

24. "Are they being 'Bangalored'?"

EVDebs said:

"Are they being 'Bangalored'?"

That's what I want to know, too. I'm g-damned tired of all the nazi treasonous U.S. bosses shipping jobs offshore (& bringing in H1-Bs & L-1s to inshore jobs).

[EVDebs]

31. And the H1B and L1 visas aren't supposed to displace US workers

They're supposed to advertise those jobs in the US and also to notify the soon-to-be-displaced US workers of their rights. The Dept of Labor makes sure this doesn't happen and that wages are kept low with the new immigrant labor force, whose wages are intentionally kept lower than the displaced US workers.

Also, these visas are for a set time period and then those workers are supposed to return to whereever, Bangalore for many. What is it, 7 years. Do many of these like the M-1 student visa holders who did 9-11 overstay or fully comply with the terms of their visas ?

[kodi]

5. ex CEO carly forina got a $21,000,000 severance package, will others?

Fiorina a received a severance payout of approximately $21 million, including stock options.

[AlCzervik]

20. poor thing, i'm gonna send her a card, on 21 million, how will she

"keep food on her family?"

[sam sarrha]

6. so what is the real story.? Going to China.. WE have to BOYCOT this shit !

[The_Casual_Observer]

9. No worry there are plenty of 21st century employment opportunities

out there. Some other DUer suggested the fields of financial analysis/ services, the real estate industry, and healthcare. Oh, and IT is coming back, don't you know.
:sarcasm:

[XemaSab]

18. There's a wal-mart

opening in Clovis.

That'll create some jobs.

[shantipriya]

26. opprtunities

You forgot Army,Natiomal guard,prison guards and police

[The_Casual_Observer]

29. Ah yes, a 2 year community college certificate in criminal justice

that's what bush was talking about when he used to recommend job training at the community college!

[Robert Oak]

10. CEO Hurd

I just a blurb about him, he's yet another slice and dice.

(gotta love the leadership creativity, when it doubt, boot em out)

I didn't see anything about basically a hidden method to move
jobs to India and China...

since this is something they would want to keep quiet for PR"s sake..
if you see anything about them doing this, please post.

[Neshanic]

12. Carly was HP's Mothra, with better clothes.

[mbperrin]

14. Woo-hoo! Look at that * job machine go!

There go some more jobs!

No worries, with the birth/death model of unemployment, we'll find next week that unemployment is lower yet!!!!

Yayyyyyy!! They're throwing flowers! Capitalism is on the march! Mission Accomplished!

:crazy:

[AlCzervik]

19. HP has a campus in Folsom Ca. which may be hit hard

my neighbor works them and my sister works for IBM so thats another 2 unemployed people i know---life under Bush, not working out so good.

[mconvente]

21. Fucking great...

My mom works for Agilent Technologies (HP's Test and Measurement spinoff company). She's already survived 4 layoffs in the past 3 years (thank God). I hope this isn't true and if it is I hope all HP people here at DU keep their job - I hope it doesn't affect Agilent Technologies again too... God damn fucking outsourcing...

[Name removed]

23. Deleted message

Message removed by moderator. Click here to review the message board rules.

[loudsue]

27. Doesn't HP have a bunch of employees in TEXAS???

Bush's "base".

:kick:

[Orion The Hunter]

28. RE: HP

A lot of HP is in Cali, so someone better tell Ahh-nold to brace for the bad news.

And so much for those great job numbers the Republicans have started to squawk about. But hey, I am sure all those laid off employees from HP will be really glad to get one of those "new jobs" that Bush keeps talking about...you know the ones at Wal-Mart, McDonald's, etc...

[Zorra]

30. Soon, American citizens will be fighting with undocumented immigrant

workers for agricultural jobs.

Out of shape 54 year old office workers will be picking apples piecework and struggling to make $10 a day. PHD's will be begging for a part time job schlepping at McBurgers.

This is the impending reality of the Bu*h fascist economy.

[EVDebs]

33. Sad part if the undocumented's have more rights than the nativeborn !

[barb162]

36. yes, that's where we are going. WHen are people going to rise up

[Megahurtz]

32. Hey, but....

According to Bush & Corp. we have a "growing economy" and "opportunities for everyone"!!!:headbang:

:sarcasm:

[barb162]

37. he should explain where they are ; he can't even get his 320,000

jobs per month going since his tax cuts.

[agincourt]

38. Same story over and over,

Fartbag CEOs take over a successful company, run it into the ground, loot millions from the company's chest, move on somewhere else or become a lobbyist. Over and over, tolerated because a general public has blinders on to the myth of a "free market".

[thoughtanarchist]

40. What makes this even more disgusting...

is that there was a big lift in stock price friday after the announcement.

We're deep in the * economy, folks. Kinda reminds me of the Regean days...

[leesa]

41. So be it...this is what the Bush supporters want.

So many computer types supported the GOP agenda.