HP to announce layoffs Tuesday AM, "possible cuts of as many as 25,000"

[Bush_Eats_Beef]

http://www.mercurynews.com/mld/mercurynews/news/local/12163630.htm

Hewlett-Packard will announce early Tuesday the details of its much-anticipated restructuring, in which the Palo Alto computer and printer giant is expected to announce thousands of layoffs and a company reorganization.

The company issued a media alert Monday afternoon, saying that it will host a conference call with Wall Street analysts at 5:45 a.m. Pacific Time, hosted by Chief Executive Mark Hurd and Chief Financial Officer Bob Wayman.

Wall Street has been expecting HP to announce plans to cut about 10,000 to 15,000 jobs. Cindy Shaw, an analyst at Moors & Cabot, is forecasting possible cuts of as many as 25,000. HP employs 150,000 worldwide. Analysts expect HP to cut jobs in HP's enterprise server group, services business, information technology, software and research and development.

Since Hurd joined HP from NCR in Dayton, Ohio, he has been visiting many HP facilities, meeting with customers and analyzing HP's position against its competitors in all its businesses. He recently hired a new chief information officer, Randy Mott, from Dell, and re-separated the PC business from the printing business, undoing Carly Fiorina's last act as CEO. ``I think Mr. Hurd has been trying to separate those things so there is more accountability,'' said Carl Claunch, an analyst with Gartner.



Hewlett-Packard Chief Executive Mark Hurd

[idlisambar]

1. HP in decline

There was a time, not so long ago, when HP was a company we could be proud of.

[Mairead]

2. Yep. I predict that it'll go the way Digital and other market leaders

went: destroy loyalty with layoffs, eat the seed corn by cutting R&D, and try to 'focus on profitability'.

[Bush_Eats_Beef]

10. I worked there as a contractor for a month...

... after the arrival of Fiorina. There was a constant state of tension in the air...a lot of people sniping at each other. I'd heard the rumors about it being one of the best places to work, but didn't see any evidence of that. It was just an unpleasant experience all around.

Hope Carly's enjoying her multi-million dollar golden parachute.

[bballny]

3. I would

never hire someone from NCR to run a company. Think how poorly NCR has done in the PC field and I know alot of ex-NCR's. I used to be in the POS business and worked a great deal with NCR

[area51]

4. economy

Wow, look at that Bush recovery go! There go those jobs (straight to India, China, etc.)! </sarcasm>

[interupt]

5. The guy is a nutcase

http://www.theregister.co.uk/2005/07/19/mark_hurd_people_talk/

It stuns me that he believes that 15000 jobs cut would be greeted with applause.

`I think Mr. Hurd has been trying to separate those things so there is more accountability,'' said Carl Claunch, an analyst with Gartner.

Oh yeah like Gartner is so on the ball with business...I mean Outsourcing is going soo well with companies like they predicted.

:eyes:

[cap]

6. where is the outrage: 25K people = 1 small city

of people without jobs. 25K + their families deprived of a bread winner, health insurance, retirement. I dont see this as anything to be proud.

Half the time there are other openings in the company that never get advertised to these people who are getting the boot.

[Bush_Eats_Beef]

11. Then there's the "Hillary Problem"...

...it's one thing when outsourcing is applauded by the evil Bush administration, but it's another when the cheers come from our own party.

http://www.newsmax.com/archives/ic/2005/2/28/104755.shtml

Monday, Feb. 28, 2005 10:46 a.m. EST

Hillary in India: 'Outsourcing Will Continue'

In comments that may cause her trouble back home, New York Sen. Hillary Clinton told political and business leaders in India over the weekend that she supports outsourcing U.S. jobs to the populous South Asian country, while acknowledging that it hurts American workers back home.

"Outsourcing will continue," Mrs. Clinton told an audience in New Delhi, one of several stops on her Indian tour last week.

"There is no way to legislate against reality," she explained, according to quotes reported Monday by the Asia Times. "We are not in favor of putting up fences."

"There are people who feel left behind and might stir up negative feelings against India because they do not understand the economic benefits of outsourcing," The New York Democrat said, hinting that critics like Kerry were ill-informed.

[HughBeaumont]

7. This is one of the things that "Outsourcing America" touched on -

. . . a corporate culture and philosophy that no longer includes workers. We're nothing but expendable DRYER lint to these fuckers.

Oh, and free-trade apologists? If this shit keeps up, I can guarandamnTEE there will be NO "next big thing" in the US. Why? Because there isn't going to be a talent pool here to MAKE it.

[Strelnikov_]

8. But Haven't You Heard, 'The World Is Flat'

As Sweringen would say, "Cocksuckers".

[HughBeaumont]

9. FRIEDMAN!!

"Offshoring American jobs is AMAZING! It will change the WORLD!!"
"The Iraq war is AMAZING! It will change the WORLD!!"

I can't stomach even two paragraphs of that spineless apologist. That he would write an entire book praising a practice that's directly responsible for ruining American lives, careers and technological dominance speaks volumes on which set of criminals he's the towel boy for.