Thread regarding Hewlett Packard Enterprise (HPE) layoffs

HPE Soars and Employees Get Shafted

HPE numbers exceeded Wall Street expectations, but how much of that was due to the execs eliminating the 2017 annual bonus? It did not hurt the execs since much of their compensation is stock options and RSUs, but it did hit the rest of us whose variable compensation was wiped out.

Antonio says he is going to change things, make it a great place to work, but he still plans to keep squeezing employees, laying people off, offshoring work, etc. If he really valued the HP Way, he would remember that employees should be rewarded for their hard work, not shafted to goose the numbers.

Further, where is the money to pay for the innovation the execs says is coming when all they seem to do is send $7B back to shareholders rather than invest that into innovative technologies. Even the once gem called HP Labs has been cut to the bone (many jumped to Google when they saw the writing on the wall after Hurd and Leo screwed the pooch and became multi-millionaires along the way).

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| 2962 views | | 12 replies (last February 27, 2018) | Reply
Post ID: @OP+RTgWOyp

12 replies (most recent on top)

oh man... that area? Foul smelling place for the people who commit a lot of fouls, I suppose the ECB will get to enjoy that smell all day and climb to even greater heights of greed and arrogance.

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Post ID: @3mku+RTgWOyp

New site is in Alviso. Surrounded by 3 dumps and a sewage treatment plant. Smelly area.

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Post ID: @3gzk+RTgWOyp

Don't forget, HPE management has decided to open a new headquarters in San Jose. Water front property. I wonder how much that had to cost. All because HPE wants to be a "ME TOO" of silicone valley. What a waste of money. HPE should leave California and really invest in their employees and HPE Labs.

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Post ID: @2jed+RTgWOyp

The last poster is one of the below:

  1. the go mess guy

  2. guy named after a month

  3. A brown noser of the management

  4. A troll

  5. A killjoy

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Post ID: @1kfx+RTgWOyp

You do not deserve a bonus!

What are you, crazy?

They will push you off the ship the second it is convenient.

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Post ID: @1ovh+RTgWOyp

"$7B in stock buyback is an investment in share price manipulation to satisfy Wall Street."

Indubitably, this is true!

It also increases the value of Emperor Nero's stock options, and the options of His Minions as well, while not doing ANYTHING to add to the intellectual or physical assets of HPE, the skills or the morale of the workers, etc.

"Follow the money", and the interests of the HPE elites!

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Post ID: @njb+RTgWOyp

"Gotta love when he said instead of giving you $1000 that you can go spend, id rather invest in the company...."

No investment in the company either. $7B in stock buyback is an investment in share price manipulation to satisfy Wall Street. It can really hurt in the next downturn and drive HPE to bankruptcy much faster.

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Post ID: @mjh+RTgWOyp

Gotta love when he said instead of giving you $1000 that you can go spend, id rather invest in the company....the same company that lays off every 90 days, so you may never see what is being invested in the company.

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Post ID: @zta+RTgWOyp

The 30% increase in 401K match they touted in real terms is merely 1% increase. That is it goes up from 3% to 4%. HP used to match 6% in the past. The new increase announed is nowhere near it and nowhere near the top companies of Silicon Valley

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Post ID: @yfb+RTgWOyp

HPE is doing great. Slackers are getting cut

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Post ID: @syv+RTgWOyp

"HPE numbers exceeded Wall Street expectations, but how much of that was due to the execs eliminating the 2017 annual bonus?"

That is easy to calculate. This website:

https://www.cnbc.com/2018/02/22/hpe-earnings-q1-2018.html

says "34 cents vs. 22 cents expected according to Thomson Reuters". So HPE beats expectation by 12 cents. There are 1.593B shares outstanding (i googled it). So it beats expectation by $191M. The HPE website says there are 66k employees.

So $191M is equivalent to give everyone a bonus of $2,896.

If they decide to give everyone $1000, it will reduce the amount the beat the street by roughly a bit over 1/3.

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Post ID: @fes+RTgWOyp

And another question:

How much of that was due to accounting gimmicks and funny finance, which is so prevalent since at least 2010.

Yes, an in demand career the past 5 years?

Accounting and Finance fraud, or shall we say "Creative bookeeping"?

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Post ID: @kog+RTgWOyp

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