HP didn't just announce 5,000 new layoffs.
This is a part of the 4,000 layoffs that were originally announced two years ago. The company increased its original estimate of 4,000 by 500 to 1,000.
In addition, some of these layoffs have already taken place.
While this is not good, it's not as bad as it sounds. So take a deep breath and read up a little more on it.
"Read the actual article. Wall Street loves layoffs so the news release emphasized the 5000 total over several years rather than the new 1000."
Some companies, like Oracle, do not announce layoffs, not in advance, not even when they happen, unless WARN takes effect. Folks who post on the ORCL section complain about this.
This is crap. I have to turn in two names of my staff by Tuesday noon Eastern Time. And two alternates. Assuming HR finds the first two in a protected class. I hate doing this again, last time it was 3 managers making the decision, now it's just me. Damn. I may just have a bunch of beers. We are all f Ed. Sorry. Sad.
Are current employess intimidated? Fear? Retaliation? Corvalis -OR? Former Manr workr here. The former Lu-Latt days. 99. On-shore ?. What Percnt wood u say tmp staf/vr’s f-t-e?
FX NeWs has brief article regarding LaRge Co’s Laying off. Hp iNk is one of them, reported this month, 18 jun 5. What Impact will this have on inkjet/oRegon? Already <2k staff. Went from 10k in late 90’s to 1200ish and less since split. Confusing recent discussion on this site/reductions/when accounted/ and etc. I can’t fathom the stress this employs on renaming staff! FYE/4th Q is Oct 18. Nov just around the bend. No trolls please. This devistaes ourRD/fam. Any chat about recapturing our propriety interest back-on-shore? China/Malaysia/etc., stealing our vested interests.
Read the actual article. Wall Street loves layoffs so the news release emphasized the 5000 total over several years rather than the new 1000.
"The move has its origins from back in October 2016, when the HP board approved a restructuring plan that will be implemented through its fiscal year 2019, under which it was slated to cut about 4,000 jobs. Last month, the company said this number was slated to increase by 1 to 2%."
The article is dated Jun 6, 2018, 2:57 pm EDT: https://investorplace.com/2018/06/hp-layoffs-hp-inc-hpq/
HP Inc (NYSE:HPQ) announced that it is undergoing another workforce reduction as the company is laying off up to 5,000 workers over the coming months.
The Palo Alto-based tech giant said that its latest layoffs will see between 4,500 and 5,000 employees leaving the company by the end of its fiscal 2019 as part of an ongoing restructuring plan, according to statements from the company on Tuesday.
Lots of HPE trolls coming around here now. Shouldn't you be looking for a job?
Gotta announce lots of layoffs to please Wall Street.
Chill out dude. Your turn at the chopping block will come soon enough.
You are the original poster, so sounds like you are the one who needs to relax.