HPE, the dying company

A question for Antonio Neri.

HPE is a company with declining revenues over the past few years. Revenues have steadily and consistently declined. 2020 - well many companies had trouble that year. But for HPE, downright disastrous. What was HPE's response? Well lots more layoffs, of course. Layoffs across the board. Do layoffs help the company or make things worse? Well let's see. For one thing many of the layoff victims were the best employees. Layoffs were not based on performance (like they used to be). What happens during a layoff is that the survivors begin to question whether they want to leave as well. So after a layoff people begin to leave on their own, and these are mostly the best and the brightest because they have the means to leave. HR depts know this and account for it in their workforce plans.

Ironically, making things even worse is the terrible idea of giving everyone who was not layed off a 10% pay cut. This only increases the exodus of the best and the brightest out the door. There is currently a major brain drain of talent happening right now at HPE. HPE is just bleeding out talent now. And to make matters even worse, Antonio Neri took credit for doing a great job in 2020. He was selected by CRN as CEO of the year. Check out this link (it turns my stomach).

https://www.crn.com/news/cloud/meeting-the-moment-hpe-ceo-antonio-neri-s-year-of-extraordinary-leadership

Any CEO with a shred of decency or integrity would have turned that down. He should be saying that having to lay off so many people is failure of his (because it is) and a failure of HPE management. He should talking only about what a dark time it is for HPE, and how HPE will regroup and come back. But not taking credit for doing a great job while laying off thousands. That's horrible. You s— Antonio.

So finally, the question - Why would anybody want to work for your terrible company?

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12 replies (most recent on top)

Antonio Neri as CEO. Comical.

Caligula’s horse Incitatus was appointed as a consul...last days of the dying company anything is possible and makes no difference

HPE has one foot in the grave. Any company that thinks the way to grow the company is to lay off tons of successful sales people is not in touch with reality. Most of the sales people left are just hanging on until they find other jobs. Those employees that are left are doing twice the work for very little pay. The grass is definitely greener elsewhere. Antonio has done a terrible job leading the company as did his predecessors. Such a waste of alot of talent and opportunity. So SAD!!

@3nap+19afSrbs "You are not going to find a large pool of IT talent in Houston"

Texas is where it started genius. Learn some history Babu!

For what it's worth, CRN is plenty happen to be HPE's mouthpiece, and it's attack dog.

Yeah, they were laid off by HP(I/E).

Plenty of them.

@3nap+19afSrbs "You are not going to find a large pool of IT talent in Houston"
WRONG!!! Don't kid yourself, there is lots of IT talent in Houston.

While a lot of stocks are certainly overvalued at the moment, HPE’s is certainly not. It’s really one of few out their competitors that still have not recovered from pre-COVID value. Dell’s and HPQ’s have recovered quite well from COVID.

Stock may not mean too much about the value of the company but it really reflects the confidence in their investors. If your stock hasn’t recovered from COVID by now, it sounds like your investors may question the future of the company. That enough is dangerous for the company. Ask yourself, “What exactly are HPE’s investors scared of to not put HPE’s stock value back to where it was before COVID?” Clearly there’s still something very wrong that’s going on with the company.

This "working remote" is a fad and if you fall for it, you are screwed. People act like this is the first time it's come around. It's been around since internet speeds faster than a 9600 baud modem showed up.

In a year, the same people that think their employees will invent a new iPhone every day because they sit around a single table or sofa will come back with a vengeance. If you've moved more than a normal commute distance away from an office, you are screwed. HPE not embracing it and in it's sales is a perfect indicator. It's nothing new by any stretch.

HPE has no intention of supporting it long term. DON'T FALL FOR IT.

I got laid off from HPE in July 2020. Now I work for HP Inc. Guess how many people are here from HPE? .... A lot... I see many of the people I used to work with at HP Inc. It’s weird because now we’re working on PCs.

We talk about the other people who have left the company, layoff or quitting. Ever since my exodus from my group at HPE, I have seen at least five of my colleagues voluntarily quit because they were tired of the drama. One works for Dell, etc. I texted him joking that we’re now rivals and he said, “Hey, I’m doing the same thing for Dell but a lot more money.” Couldn’t fault him for that.

The issue is that HPE is going to slow down during Covid because their technology isn’t really meant to provide a lot of solutions for remote working. I know HPE is pushing hard on VDI (virtual-desktop-infrastructure) but with PCs and companies creating VPNs to their corporate networks, who wants an expensive server anyways? Volumes might be doing better than any other group because it makes sense for businesses at this time. The only thing HPE can provide are things that need to be accessed for remote workers. Who cares about these supercomputers right now? Who cares about Remote Desktop solutions? Who cares about edge computing since everyone is working remotely? All a remote worker needs right now is a Raspberry Pi, a VPN, and they’re already on their corporate network. Corporations will give stipends for their workers for PCs. This is way the PC business is booming. Servers that are provided by HPE are not the solution that remote workers are looking for because it’s not necessary to have that much computing power since no one is there to use it.

You are not going to find a large pool of IT talent in Houston, though India folks are likely glad to temporarily/permanently work there for cheap.

Antonio tends to have another view on the whole development. They now moved to Houston to safe $$$ and he claims the tech eco system in TX would be so excellent.
Yup... Antonio... for sure
Whatever happens... he will be safe package wise

well said.

even worse, most of the so called architects and 1st/2nd level managers are so incompetent, they are the force that pisses whoever can actually do some real work.

any engineers with a little talent, it is easy to get out of there and double even triple your compensation with lots of tech companies! If you think you are capable, give it a try. But most of those who left with HPE probably don't have any talent to show to the world. lol

Thread regarding Hewlett Packard Enterprise (HPE) layoffs

HPE, the dying company

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