HP CFO Cathie Lesjak said last week that HP would be cutting another 5% from its workforce, beyond the last target of 55,000 people.
Some HP employees in the chronically troubled HP Enterprise Services business unit are being offered jobs at a different consulting company in lieu of severance.
HP told employees affected by this arrangement that they are being "terminated" and will not be offered the standard one week of pay for each year of employment, our source told us. HP will pay for unused vacation time only in states that require such payments by law, we were told.
Ciber will be sending out job offers in the next few days. HP employees have 48 hours to accept or decline.
Whitman has also publicly talked about replacing HP ES workers with more automated systems and off-shoring jobs to lower-cost regions
Read more at http://www.businessinsider.com/source-hp-layoffs-going-on-now-include-an-alternate-job-offer-but-no-severance-2015-8
Bottom line if you are a high cost employee regardless of your time with HP and what talent you bring you have a target on your back.
Management are cutting mission critical employees only to find out afterwards that there is no one to continue their work and in some cases have had to rehire those employees at a much hire cost and they call that cost savings. Meg and her cowardly management are slashing and burning the high skilled workforce for cheap overseas employees with far less skills, all in the name of the shareholders.
HP is a dead company walking...