Welcome to the layoff capital of the world
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Someone did post on the HP website a few months ago that a large percentage of the 9,000 expected layoffs were due to redundancies after HP bought Samsung's printer division in 2017. Not unexpected, I would imagine. Same thing will happen if/when HP and Xerox merge.
It doesn’t have to make sense, it just has to happen so everyone can insist it was a victory. Carl can bail and the shareholder will have to make do.
Those 9000 are precisely why $2B in “synergies” is complete fantasy. And HP know this. Sad to realize Wall Street doesn’t really know details when many of us do, and it is not a secret.
Go read the HP page on this website. They announced 9,000 layoffs recently. They're a larger company so I don't know if the ratio of emplouees to layoffs is the same as ours, but 9,000 isn't a small number.