Enrique subtly announced layoffs at print all employee meeting. Someone asked if there will be layoffs? He didn’t deny it.
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Enrique did it again today at print all employee meeting. Mentioned WFR and "difficult weeks" ahead. Promised the usual - compassion and integrity.
What you have to come to grips with is that no corporation with a presence in the US has any obligation to hire a US citizen. None.
You can want them to, you can think they do, but they don't. They can hire anyone they want anywhere.
May be,
There're just cleaning up some of the HP low performers in preparation for the Xerox acquisition this fall. Xerox is cleaning up their ranks, and shipping employees to a BPO provider (HCL). When HP buys Xerox, the BPO employees will be cut, the sales, distribution, and service will become part of HP, and the new company won't be too bloated to function. IMHO
If they do layoff a lot of people you know tge management sees the future as bleak. A bit of a miss in one quarter shouldn't require them to lay off a lot of people. Maybe they haven't finished the Samsung clean-up. Hard to say.
Poor Q1 performance (wasn't terrible, just not as good as estimates) is a timely story line for HP. Company announced years ago they would layoff 4-5k workers by 2020; Q1 gave them sufficient validation to implement those cuts. They better get going if they're going to hit that number.
Layoffs is always a possibility. So not a news.