Thread regarding Hewlett Packard Enterprise (HPE) layoffs

Meg sells more US$ 3.2 million stocks on Sep 15th

It's clear she is on her way out and she is also an insider who knows that something dramatic will soon happen.

"(...) Margaret C. Whitman sold 249,052 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. (...)""

https://www.truebluetribune.com/2017/09/16/margaret-c-whitman-sells-249052-shares-of-hewlett-packard-enterprise-company-hpe-stock.html

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| 2551 views | | 6 replies (last September 22, 2017) | Reply
Post ID: @OP+PjR8Zk5

6 replies (most recent on top)

Political ambitions? HA! Meg is toast in that arena, too, due to her gamble of supporting Crooked Hillary during the election to secure a cabinet position for her resume`. What would she run as? A Republican? Good luck with that, as you supported a Democrat for president. A Democrat? Good luck with that, as the base of that party will have nothing to do with anyone who ever even breathed the word "Republican." The old hag should just take her billions and get lost.

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Post ID: @5ygn+PjR8Zk5

Wake up folks, your loyalty to this company is astounding. You have to be an idiot not to see the writing on the wall,within the next 12 - 24 months you will realize that this company will go private and the companies that are lining up to make the purchase are waiting in the wings for all the cards to fall into place and all have deep pockets. I've been through three layoffs from HP, VMware and now HPE and each time when the management layers are being ripped out, you will be sold.

Amazon

Microsoft

Oracle

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Post ID: @4kuq+PjR8Zk5

Without question leadership at HPE is a one trick pony with one tired and bad trick WFR. They add expensive top executives while pontificating they are reducing layers between the client and CEO. The attack the customer facing people that make the sales further reducing the understaffed organization at the individual contributor level. The talk about HPENext and a clean sheet approach, we will see. Sounds like step one is further reduction of sales and services. Back to offshore support with Bob and John. Forget addressing the issues that make selling so difficult, continue the current comp system it clearly is a major cost avoidance tool for HPE not to pay the sales team. Forget being able to turn a quote around in a timely matter for a client or providing products that work. We can always keep cutting. Amazing how senior executive pay doubled last year for having only a slightly worse year in performance of course it was funded with more WFR activity. HMMM HPENext more cuts!!!!!

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Post ID: @2ccx+PjR8Zk5

There are some simple financial and market forces at play here.

Firstly, when a company stagnates the size of HPE hits the skid pan where revenue flatlines, margins are on a downward spiral and there is no line of sight to become the low cost producer, significantly differentiated or a niche player there is only one thing left you can attack - the cost base.

HPEs costs will be dominated by headcount, R&D and channel programmes/development. Axing R&D or channel dev would be perceived as company suicide - and the analysts who provide insight to major stock investors would start marking the stocks future potential heavily down, the share price free falls and rightly so top management will be ousted as hostile takeovers start to be mooted,

So back to cost - if that’s your only lever to improved profitability and desperately needed competitiveness - you cut heads, take the one time restructuring cost and sweat the hell out of your remaining assets and do all you can to make your channel stronger will great new products that will sell like hot cakes, beautifully funded by smaart R&D.

HPE is at a tipping point - and fighting for its very survival as we rightsize for the nth time. Drastic times require more drastic, riskier actions. So will there be a huge downsize through WFR?- there are no other options on the table. The numbers don't lie.

Employees who are expensive to keep (long tenure, high salaries/benefits, or those who are cheap to dispose of (low tenure) coupled with those in jobs in the field that have little if any accountability for what is important TODAY are the top targets for departure.

The HPE Next (WFR) initiative is being run by Faust in finance and their excel spreadsheets. There will be blood spilt - and a lot of it. Whitman will be supporting this fully to drive it through as her reputation is on the line and she will jump while she can still claim she inherited a disaster and left with the restructuring well advanced. Hence disposing of BIG chunks of stock. Cash uot before you crash out.

If she doesn’t do this the chance of a new, major league CEO position in Corporate America and her political ambitions, are toast.

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Post ID: @tto+PjR8Zk5

Something dramatic is about to happen alright, and it's WAAAY bigger than just HPM. Hold onto your hats, everything is about to change in this country.

By Christmas......

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Post ID: @whf+PjR8Zk5

well.... things are falling in place and it is shaping up to be the best ever christmas gift for Mr. Neri. It will be one silky smooth transition. No new CEO search or any of that rigmarole this time.

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Post ID: @sws+PjR8Zk5

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