Same playbook happening this coming earnings report. New revitalisation exercises (cost cuttting actually) to reward shareholders, drive innovations (long dead decades ago). 10% cost cutting expected, mainly in the Print space. PC is undergoing massive challenges as well from lack of excitement in the "AI PC" space. Print is embarking into AI Print space as well (actually all BS, trying to stoke and ride the AI wave).
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OP is spot on this. Print decline is irreversable. Using AI story on Print is a hail mary move. PC is commoditised product regardless of AI or not. WFR is the only trick the company knows. Worst of all, cutting hc to fatten shareholders and C -suite.
@w4 is a crying worthless piece of garbage
@n0 is a typical management-worshipping, gutless dirtbag.
They must be doing well then and have lots to offer considering there’s no point in having greed over a failing company. “You” didn’t think of that did “you”? Must have flown over your tiny brain.
@cx because they are greedy? U didn't think of that didn't u?
If a new plan is announced it would normally be time for a new EER, but doubt they will even bother this time. Just go straight to WFRs.
@c1 rumors has it will be a new 3 year plan once the current one expire 2025. The wfr will in the range of 15%, so will be around 8k to 10k. Thats the baseline, so the actual will be higher since they have to show better reduction than the current one thats expiring.
Then why is Ferrari interested in them?
"It’s about time we get another layoff announcement. I wonder what the terms will be this time around. I’m guessing around 11,000-15,000 jobs over the next five to seven years."
HP has eaten all the seed corn. That's why the company can't grow organically any more. More layoffs won't change the inevitable demise.
It’s about time we get another layoff announcement. I wonder what the terms will be this time around. I’m guessing around 11,000-15,000 jobs over the next five to seven years.