Thread regarding Hewlett Packard Enterprise (HPE) layoffs

The HP Legacy was worth more destroyed than maintained... Capitalism 101

Forget the romanticism of history, a legendary name, a legacy, and all those things... Forget about destroying families, and crushing the morale of those poor souls that for x or y reason decide to stay...

It's all about the money. Capitalism 101 on its simplest expression. Just look at how the investors have benefited from tearing HP down during Meg's tenure. And talking about her... She's just enjoying the fruits of her "incredible accomplishments" - as she now refers to her time at HP/HPE... A reporter recently called her in a face-to-face interview "the best female CEO that has ever existed" , and she just smiled without even trying to be a little bit humble by telling him otherwise.

Since stepping down from HPE, she has converted a number of options to common shares and sold $16.6 million in stock. She exercised options for 674,000 shares and sold an equal number of shares over March 7 and 8 through her plan. Exercising the options cost a total of $6 million, $8.92 a share, and Whitman received a total of $12.9 million, or an average of $19.14 each (the options were set to expire February 2019, so if she would be that confident about HPE's future, what's the rush...)

She still holds a total of 1.83 million HPE shares directly, and owns options for at least 573,226 shares and restricted stock units representing 303,377 shares. Meg Whitman... The best female CEO that has ever existed... (now it's the time in which you stand up and begin applauding for no less than 1 minute)...

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| 2122 views | | 8 replies (last March 11, 2018) | Reply
Post ID: @OP+S7OP0Tz

8 replies (most recent on top)

Funny that Packard said computers would be the death of the company. Go figure.

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Post ID: @1tnw+S7OP0Tz

The reason people come to a website about layoffs is that they either don't trust their leadership or they were blindsided and are looking for support from peers. HPE leadership over the past year+ have not been transparent about anything other than they are looking to "realign" the company. To prevent a mass exodus of talent, HPE leaders have keep WFR plans close to the vest, even citing misleading statistics during all employee meetings to prove that all is well. So given that reality. People are looking for other sources of information and some come here shellshocked when it (WFR) happens to them because leadership was purposefully obtuse about their plans for the company.

There are good online resources for HP/HPE alumni, Linkedin has an HP/HPE group that does some great networking, there is a website http://www.hpalumni.org/ that provides support and information. This site is just another resource, it is ok to be upset, to vent, it is part of the healing process, and when people are ready. They will move on.

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Post ID: @1ije+S7OP0Tz

Going to a website about layoffs is going to have a lot of posts about layoffs and unhappy people in general.

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Post ID: @noq+S7OP0Tz

"What I don't understand is why people would stick with a declining company unless they don't have better alternatives."

...

Well, I think you actually do understand, in reality. "Bingo" on the lack of good alternatives... Family and friends reasons not to pull up stakes, super-specialized job skills under a LARGE company like HPE means we're not "jacks of all trades" as smaller companies are looking for, and living in cities where there are no other high-paying tech jobs. And some are old, who COULD still work, but age discrimination is very real, especially in tech hiring. Those are the big ones.

Yes, there IS such a thing as people who enjoy wallowing in their misery, and complaining about things. I have met a few, but they are few and far between (in my limited circles). The comments here do generally exaggerate the prevalence of these people who complain because they enjoy complaining. As has been remarked here before, part of the validity of the complaining is to warn other people away from working at HPE. "Don't go in the long grass!" (From Jurassic Park movies; Long grass = HPE of course).

So anyway, I discount most of the complaining about the complaining!

Carry on, and good luck!

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Post ID: @hzl+S7OP0Tz

Well, Meg realized that HPE is pretty much dead anyway being squeezed by cloud on one side, and white-box/dell on the other. So she made a buck off a declining, increasing irrelevant, business. You know very well, rightly or wrongly, that wall street judges companies purely on money, and not if lives are made better or worse. Yes, capitalism 101.

And i don't think anyone should have the illusion that it will ever not be the case. All the companies who are treating employees well only do so when they are doing well (by wall street "standards"), and have the luxury to do so. Look at Yahoo before it got gutted and sold off. Remember Yahoo was providing free food for every one. That did not last.

What i don't understand is why people would stick with a declining company unless they don't have better alternatives.

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Post ID: @gvn+S7OP0Tz

... And now HPE reaps what she sowed:

https://www.sdxcentral.com/articles/news/dell-emc-overtakes-hpe-data-center-server-revenue/2018/03/

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Post ID: @pzr+S7OP0Tz

There will be thousands and thousand of hp'ers ready and waiting to remind the public of her evil deeds if she ever tries to get elected to government.

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Post ID: @nrt+S7OP0Tz

"(now it's the time in which you stand up and begin applauding for no less than 1 minute)"

That reminds me of what I have read of speeches by Stalin... Stalin's "comrades" were often afraid to be the first to stop clapping, after the speech. Be the first to stop clapping, on a regular basis, too often, and it might be "off to the Gulag" with you!

Well at least The Meggot had no way to take your freedom or your life, unlike Stalin... She merely had the power to terminate your employment, not terminate you!

Let's keep it that way, and NOT elect Her into a position of government power!

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Post ID: @juw+S7OP0Tz

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