This round? Maybe but these layoffs are in waves. Just remember what Enrique told us in 2022 (referring to his layoff plan between the years of 2022 to 2025). Who knows what will happen after 2025; he could announce another multi-year layoff plan.
It's really difficult to see where HP wants to go. If this year is the kickstart to this new AI trend, then where do we go from here? I'll admit, I was expecting more out of this year's launch.
It's never done. Reason being print in sunset and pc is commoditised, plus CEO tries all means to beef up share price via dividend and share buyback. Why cos the C suite are compensated by shares. Where the money comes from? Cost cutting via WFR of cos
POS company. "The HP Way!"
Monday will be the sweet one: beating the latest 15% at Xerox by bigly margin.
👎 never
I was told there would be more on the 29th. I was also told to expect more layoffs and furloughs in the July-August time frame.
Should we worry about more next week?