Any change to vesting and/or delayed match in the revised 401k or is just going back to 4% match ?
37 replies (most recent on top)
" Is HPE trying to get into the reality TV or morning talk show? "
It seems that everyone is doing that lately. Remember when Carly was the "first Rock Star CEO"? Remember her "garage" commercial? Remember how Sun made fun of it? Well, that is the new normal now,
Because there is no real news?
What's up with the cheesy pre-employee meeting show and the intro about new CEO. Is HPE trying to get into the reality TV or morning talk show? Stop with the Hollywood crap and just give us the real news!
yes MH was the worst ever gringe HP ever had
"The idea of employee degree assistance is actually an inside joke as anyone that has ever applied for this benefit would know that it is basically impossible for employees to take advantage of."
It was next to impossible to get tuition assistance 10 years ago. MH made sure of that,
Something else to remember is by not paying bonuses HPE was able to deliver a better than anticipated Q1. I have my doubts that any bonuses will be paid at all.
Tomorrow is the All Employee Meeting. Maybe we’ll here something.
And the talk of increasing the 401k is also a disingenuous teaser. To see any of that 401k money in you account you have to wait until feb 2019. They are throwing this pittance in the hope the employees they want will stick around for it and not leave.
Also do you remember Aruba folks got a bonus in 2017 and the rest of us got shafted? Now they are one that has posted disappointing earnings in the words of the emperor. Ridiculous to say the least.
There has been no talk of using money brought from over seas for employee bonuses. It is strictly for share buy backs. Any employee bonus will come from the money that is already sitting there.
The idea of employee degree assistance is actually an inside joke as anyone that has ever applied for this benefit would know that it is basically impossible for employees to take advantage of.
From the link in the previous post, about just-announced financial results...
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"The company plans to offer $7 billion in share repurchases and dividends to shareholders by the end of fiscal 2019."
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That does not surprise me. Using excess available money to "goose" the price (desirability) of stock increases the value of stock options available to the likes of Emperor Nero. What WOULD surprise me greatly, is if Emperor Nero actually lived up to His promises of eventually using some available funds to actually PAY OUT bonuses to the peons!
https://www.cnbc.com/2018/02/22/hpe-earnings-q1-2018.html
No clear directiion.....
Hewlett Packard (HPE) Q1 Earnings: Disappointment in Store?
https://finance.yahoo.com/news/hewlett-packard-hpe-q1-earnings-151403935.html
What else? The emperor and his cronies will ascend the stage and proclaim that the legend of the predecessor will continue in all its glory and pomp replete with thousands of layoffs in the coming months and years.
Anyone can listen.
Probably a teleconference with speaker phones for analysts.
Yeah, people do check on glassdoor as part of their research on prospective companies. However a lot of jobseekers also want to know about the layoff history of companies so they do not end up in a crud company such as HPE. When you type in 'hpe layoffs', this site comes up first. So people do read what is posted here and form their own opinions. So anyone who posts here and says it it like it is, is certainly serving a useful purpose.
" I have applied to one in Roseville that's been open since November. NO RESPONSE. "
I'll bet that req has been frozen since before Nov,
Regarding warning others:
a) People who are looking for jobs go to glassdoor.com, jobs.com ... NOT thelayoff.com. Warn them over there.
b) People who have done their homework would know HPE is not a good place to be, and I can't imagine anyone looking would not google HPE a bit before signing up. Those who joined HPE (if any) probably don't have many other choices.
I am quite sure HPE has done many here wrong, and it is legit to rant about them. But don't disguise it as "warning others". There is no such needs .. and certainly not here.
@ 3cii
Do you really believe those openings? I have applied to one in Roseville that's been open since November. NO RESPONSE. At least with DXC, I got the generic "we will keep your resume" email after a month of applying. THERE ARE VERY LITTLE OPENINGS IN HPE. Companies do this to show a false impression of growth. In fact, if you are US-based and quit your job, mgmt will be glad to kick you in the rear asap. False job openings is another way for companies to say to the government that they cant find the right talent to fill these openings hence they are asking for H1B visas or justify hiring in India, Costa Rica, Brazil and Mexico.
LIES LIES LIES !!!!!!
"Being that HPE is a layoff machine and for all practical purposes isn't hiring, I don't think we need to warn anyone about working there."
At last look Glassdoor had 648 HPE Job Openings. 55 in Fort Collins, 159 in Houston etc.
The tax reform benefits companies that have positive earnings and a lot of cash parked outside the US. HPE doesn't have neither.
Being that HPE is a layoff machine and for all practical purposes isn't hiring, I don't think we need to warn anyone about working there.
"Move on. I agree."
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So for those of us who care to treat others the way we'd like to be treated, and warn others of the GIANT road-blocks that we see in their paths, ahead of them, as we see said "stumbling blocks" in our rear-view mirror (for those of already laid off)... Or for those of us who see senseless roadblocks in our paths, EVERY FRICKIN' DAY, at HPE... Also in light of what trivial amount of work it takes for us to wriie some notes to WARN other prospective new hires, on these pages...
Then, do you care to bother to tell us, WHY are we so foolish as to spend this trivial amount of time, warning others, and treating others the way that we'd like to be treated? Please do tell...
Wahhhhhhhhhhh
Move on. I agree.
Amen to that @RKPe7m1-1qyc !
In response to RKPe7m1-1mjs
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WHY do we carp and whine and moan, here? Why don’t we just “move on”? An often-asked question. The answer is simple: We are trying to treat others the way we’d like to be treated. I, for one, wish I had read these web pages (or similar), and had been warned just HOW MUCH of a snake-pit HP / HPE has become! And found a better place to work… So I do my best to warn others!
My fellow “whiners” and I (be we still employed by HPE, or not) sure seem to have more “moral high ground” here (we treat others the way we’d like to be treated), than appears to be the case with top management, HR, and their minions and lackeys, at HPE (and those who make excuses for them here; probably often one and the same; AKA, those who whine about us whiners!). Top HPE management has a LONG-LONG history of hypocrisy, greed, and lying, as is detailed below. Anyone who thinks that HPE top management is actually capable of looking at a pool of money, and saying, “Well, we Top Dogs could award ourselves this money, or we could “goose up” the stock, with buy-backs or dividends… Or we could actually reward the peons!” … And then actually rewarding the peons with bonuses? Such “thinkers” are fooling themselves!
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Here is your history of lies told by top HP / HPE management:
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WE DON’T HAVE FORCED-DISTRIBUTION PERFORMANCE REVIEWS. This (from an employee work-culture perspective) is one of the very worst lies. The employees know that it is a lie, as do many-many management consultants. We also all know that this causes the death of teamwork, as many-many ruthless office-politics players shove others down, so that they can rise. And ALL of the management MUST tell this lie, or they’ll be fired! The only managers that will tell you the truth about forced-distribution performance reviews, are those who have been laid off.
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WE DON’T PRACTICE AGE DISCRIMINATION – Ask anyone who has worked at HP / HPE for a few years lately, and has been paying attention, and they will tell you otherwise. HPE age discrimination is a verifiable statistical-mathematical FACT, as shown in https://www.thelayoff.com/t/PUq58eH . AKA, “For Any Large Employer, “Blacklisting” Those Laid Off is a Form of Age Discrimination; Math Geek Demonstrates it Here!” Also see http://hpagediscriminationinvestigation.com/ .
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WE DON’T PRACTICE ANTI-MILITARY-VETERAN DISCRIMINATION – Admittedly, this one is likely not deliberate and intentional, as is the age discrimination. It is still very real! See https://www.thelayoff.com/t/Py601PO ...
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WE NEED MORE H-1B IMMIGRANT WORKER VISAS, BECAUSE WE JUST CAN NOT FIND ANY QUALIFIED AMERICAN-BORN WORKERS – HPE lobbies Congress for more H-1B visas, while black-listing (per their official internal policies) their laid-off workers from ever being re-hired, even as in-house contractors! They have done this since 2012. For details (on HPE policy), see https://www.thelayoff.com/t/NcTV28V
“HPE Officially Explains WHY You Have Cooties!” In summary, HPE abuses the intent of Congress, when Congress passed the H-1B enabling laws, and continues to lie to Congress.
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HPE Wants You HPE Employees to Donate to the HPE PAC, so as to help yourselves; AKA, we are all in this together. For details, see https://www.thelayoff.com/t/LQ0PfPp for The Meggot’s email about this. A FAR more honest expression of the HPE PAC operations would have been for the email to say, “Please donate for buying the rope by which we will hang your employment interests; AKA, please donate so that we can lobby Congress to enable us to fire more of y’all, and fatten our rich fat-cat wallets some more.”
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HPE BREAKS PROMISES - HPE policies promise bonus payments for those whose patent applications are selected for official submission. The inventors do all of the work, to include helping translate the patent write-ups from engineer-speak to lawyer-speak… But then in the 1 or 2 weeks after that, during which the final reward checks are supposed to be getting processed… THAT is when the inventors get laid off, and never get paid! HPE gets the IP rights; inventors get shorted the benefits that they were promised. “Legal” per HPE’s fine print, probably… Ethical? You tell me, please! Does HPE even have the slightest clue, what it means, to treat others the way that you’d like to be treated?
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I could go on. Hopefully the above is enough to demonstrate that any time HPE top management interest conflict with those of the peons, the peons will lose. Any promises to the contrary should be ignored.
Some smart Alecs make gross assumptions about others and fall flat on their face.
The Q2 bonus being talked about is a hogwash. Whatever so called bonus they pay is contingent upon 'acceptable' year end revenue and profits. If at end of year, they declare the company did not perform well, they will promptly recover the money from your next months paycheck.
Good to see the majority of comments here are obviously people who don't work at HPE anymore.
You don't understand the new bonus structure for all employees nor do you understand current revenue goals and how all employees are eligible at the end of q2 bonuses.
Maybe it's time to move on. You won't, but you should.
"Now they are free to give a bonus to those who remain in HPE."
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If you are a normal, real humanoid, as opposed to a top-ranked uber-minion (or an Emperor), then the chances of this happening to YOU, are akin to...
Your chances of finding a federal-budget-balancing unicorn, or an honest politician!
There was no end of year bonus, so then they didn't have to give one to the poor souls that were bumped out to DXC as they were obliged to do.
Now they are free to give a bonus to those who remain in HPE.
Bonus in Q2? Has never happened ever at HPE? Are you someone special who gets quarterly bonuses that the rest of us don't hear about?
Don't be so naïf...although they speak to you as a stockholder (solid results) your miserable salary is what matters and bonus will be peanuts so stop dreaming ...risk of being layoff outweighs any peanuts we may get
Q1 was solid. Things are trending for q2 bonus.
what is Q2 bonus plan? I have never known anything other than an annual bonus plan which has been mostly zero or next to nothing in the last 1+ decade.
Are you saying there is a separate plan that is quarterly? May be just for Sales folks? Or may be just for the executives and cronies?
I don't know, but it's not bad enough that they're axing the Q2 bonus plan. Or maybe they're funding bonuses with all the recovered salary from this year's layoffs.
Let me guess...
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mostly flat revenue but higher profits due to cost savings from all the employees that have cut and other silly cost savings measure they have in place.
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Will paint a very rosy picture of upcoming year. The underlying reason which they would not say is the billions and billions of money they are bringing in from their stash overseas. Keep in mind most other companies that are doing this are at least sharing a minuscule fraction of it on employee bonuses. This company starved us of that even. CEO and cronies wanted to keep all of that money to themselves.
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They will announce a new company acquisition
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More layofffs and then more layoffs