HP takes the axe to eight percent of its employees

Stefan Mileschin · 21st May 2012, 07:12

The maker of jolly expensive printer ink, HP, is firing an army of workers in a bid to pull its nadgers out of the fire.

About 30,000 employees are to be handed their pink slips and P45s. HP will not be able to escort them from the building because the persons responsible will also be given their marching orders.

According to the FT, the job cuts are a record for the technology giant but it is having trouble with its bottom line at the moment.

HP Chief Executive Meg Whitman planned the cuts - eight per cent of HP's total head count, which stood at 349,600 at the end of October.

There could be some more cuts to come, as deep throats in the organisation claim that the exact number wasn't yet final. One person said that a formal announcement could come when the company reports quarterly results next week.

Wholesale decimation of staff is becoming a trend in the tech industry lately. HP already laid off a lot of people under Mark Hurd (pictured). Hurd later laid himself off, only to resurface at Oracle.

HP has long had a policy of shifting staff jobs offshore to cheaper parts of Eastern Europe. Wide scale redundancies on this scale could harm these economies which are also having a tough time lately.

http://news.techeye.net/business/hp-...-its-employees

21st May 2012, 07:12	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	HP takes the axe to eight percent of its employees The maker of jolly expensive printer ink, HP, is firing an army of workers in a bid to pull its nadgers out of the fire. About 30,000 employees are to be handed their pink slips and P45s. HP will not be able to escort them from the building because the persons responsible will also be given their marching orders. According to the FT, the job cuts are a record for the technology giant but it is having trouble with its bottom line at the moment. HP Chief Executive Meg Whitman planned the cuts - eight per cent of HP's total head count, which stood at 349,600 at the end of October. There could be some more cuts to come, as deep throats in the organisation claim that the exact number wasn't yet final. One person said that a formal announcement could come when the company reports quarterly results next week. Wholesale decimation of staff is becoming a trend in the tech industry lately. HP already laid off a lot of people under Mark Hurd (pictured). Hurd later laid himself off, only to resurface at Oracle. HP has long had a policy of shifting staff jobs offshore to cheaper parts of Eastern Europe. Wide scale redundancies on this scale could harm these economies which are also having a tough time lately. http://news.techeye.net/business/hp-...-its-employees

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Aviva fires all its employees by mistake	Stefan Mileschin	WebNews	0	26th April 2012 08:05
Intel's Ivy Bridge will offer '20 percent more performance with 20 percent less avera	Stefan Mileschin	WebNews	0	24th April 2012 06:23
Yahoo To Lay Off Another 2,000 Employees	Stefan Mileschin	WebNews	0	5th April 2012 07:18
ICS reaches 2.9 percent of active Android devices, 63.7 percent still on Gingerbread	Stefan Mileschin	WebNews	0	3rd April 2012 07:34
AMD and NVIDIA Employees Fighting On Twitter	jmke	WebNews	1	8th October 2009 13:58
Why Google Employees Quit	jmke	WebNews	6	21st January 2009 13:38
Another 1,100 AMD employees to get the axe	jmke	WebNews	1	17th January 2009 08:53
Game over for hundreds of EA employees	Sidney	WebNews	0	2nd February 2006 16:58
HP France employees strike over job cuts	Sidney	WebNews	5	21st September 2005 03:12