Thread regarding HP (Hewlett-Packard) layoffs

HP to Trim Up to 2,000 More Jobs in Expanded Cost-Cutting Push

HP Inc. said it would lay off up to 2,000 more employees as part of a continuing cost-cutting plan, bringing the total number of job cuts under the restructuring to as many as 9,000.

The computer and printer maker on Thursday said it would save an additional $300 million by the end of its fiscal 2025, which ends in October. It expects to incur about $150 million in additional restructuring and other charges in connection with the cuts, primarily due to cash labor costs.

The layoffs will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, HP said. The company employed approximately 58,000 workers across 59 countries, according to its most recent annual filing with the Securities and Exchange Commission.

Dubbed "Future Now" and first announced in November 2022, HP's cost-cutting plan initially called for workforce cuts of about 7,000 employees. The company said at that time that it expected to incur approximately $1 billion in restructuring charges.

Following the new round of layoffs, the company now expects to realize approximately $1.9 billion in savings under the plan. Total restructuring and other charges are expected to be around $1.2 billion.

https://www.marketwatch.com/story/hp-to-trim-up-to-2-000-more-jobs-in-expanded-cost-cutting-push-88fd163f?mod=investing

P.S. Every cent of the 1.9 billion in cost cutting will be spent on stock buybacks and dividends.

by
| 3641 views | | 10 replies (last March 3, 2025) | Reply
Post ID: @OP+1jn6413kq

10 replies (most recent on top)

Hopefully, we will be able to WFR some of the non-productive DEI hires we have made over the last 2 years.

by
| | Reply
Post ID: @qp+1jn6413kq

Couldn’t be the 100 pieces of software they want you to install, the proprietary cartridges that have a 300% markup, the terrible network tech quality or just overall quality of their product? The evolution of their company into this predatory, faux-monolithic company tells me their leadership and decision making people are likely the real issue.

by
| | Reply
Post ID: @ff+1jn6413kq

@bk

I agree with your sentiment but it shouldn’t be circumstantial. If a company is going to promote DEI, then they need to be globally consistent. Corporations show their true selves when they’re silent about civil issues outside of the US. Take the HK protests before Covid. Many companies who operate in China were absolutely silent about human rights violations in fear of retaliation from the Chinese government. They obviously prioritize profits over what’s morally good.

by
| | Reply
Post ID: @cd+1jn6413kq

If you pay Latinos the same as you pay white people, then when we talk about the local ethnicity, we must acknowledge that there are people of all colours everywhere. These are simply the facts.

by
| | Reply
Post ID: @bk+1jn6413kq

So it is a problem that the workforce in HP locations in primary white Nordic countries is also primarily white? Should the workforce there not reflect the local ethnic mix? What about other countries like in Latin America or Asia, do they have to then decrease the percentage of local ethnicity to become more white?

by
| | Reply
Post ID: @b7+1jn6413kq

Just 2000? Yawn. I’m a CW full stack developer with value who actually delivers so if HP lays me off then they would be s+upid. They better give me another raise instead of trying to low ball me again and have me take a lower wage. If anything I’m going to use this news as an opportunity to get a raise!

by
| | Reply
Post ID: @aq+1jn6413kq

That’s an unbelievable amount of money to spend on restructuring. Layoffs alone can’t help pay for that. HP must be taking out even more loans to do this. I don’t even want to know how much debt HP has.

The fact that they’re chopping even more personnel than previously planned suggests that they’re in for a bumpy ride. Oh but don’t forget to pay your investors.

I do agree that HP needs to restructure immensely. Before I left a couple of years ago, I just remember how competitive it was internally and extreme overlap there was in organizational responsibilities. No one knows what happens outside of their own organization. There’s no synergy. Everyone wants to develop their own tools and their own ideas to the point where they are trying to do things outside of their own role classification to try to get a good performance review… and everyone knows why they would go through the effort to do that.

Come on HP… Cut the clout chasing people and stop giving people merit when they do things that are way outside of their expected functions.

by
| | Reply
Post ID: @ap+1jn6413kq

I think the wrong locations are being reduced, while the UK remains bloated with unnecessary headcount. There's blatant nepotism—people are being promoted or hired based on connections rather than merit, even bringing in their babysitters. Meanwhile, the workforce remains overwhelmingly white.
The same pattern is seen across many Nordic countries, like Denmark, where there’s barely any diversity, just overpaid minions adding little real value. France and Germany, however, are untouchable due to strong worker protections. Germany, in particular, is just as overstaffed but impossible to restructure because of their laws.
Are we actually optimising for efficiency, or just reinforcing the same imbalances?

by
| | Reply
Post ID: @ae+1jn6413kq

If you know someone who is dealing with possible layoff or retirement, pass them this note.

The independent, member-supported HP Alumni Association has pragmatic advice from people who have gone through past cycles. https://www.hpalumni.org/leaving (No membership or login required. No ads or tracking. Free -- thanks to our members.)

• "ASAP Checklist." -What to do before losing access to company systems -- and in the following few weeks. Supplements the official checklists.

• "What I wish I had known." From members over the years.

• "LinkedIn Tips and Traps." Everyone needs a strong, credible LinkedIn profile -- even if not currently looking. Reconnect with people who know you and your work. Be found by hiring managers, recruiters, and recruiting bots. Promote your specialized expertise. (BTW, your profile may have been automatically changed.)

• "Career Checkup." Practical advice from members on evaluating your situation.

• "Benefits" and "Finance" forums. Moderated Q-and-A discussions on details of WFR, COBRA, and retiree health benefits, transition to Medicare, 401(k), pensions, employee stock, finances. Join forums by simply sending an email.

[From the independent, member-supported HP Alumni Association, operated by volunteers. Not officially endorsed or supported. https://www.hpalumni.org/leaving ]

by
| | Reply
Post ID: @a8+1jn6413kq

It seems that the post from few days ago was correct ("We Have A 20% Tasking Exercise Coming And A WFR Target of 15%").

For days the HP shills and HR were denying and downvoting it. Given their lying track record there will be more WFR to come. More layoffs mean more money for HP board to spend on stock buybacks and reward themselves.

by
| | Reply
Post ID: @a6+1jn6413kq

Post a reply

: