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The New HP Way: Cut More Jobs



#11

http://news.bbc.co.uk/1/hi/business/4696567.stm

http://money.cnn.com/2005/07/19/technology/hp_restructuring/index.htm


Edited: 19 July 2005, 8:22 a.m.


#12

These are big cuts indeed. In an other article I read that the cuts will concentrate on where hp does not meet its competitors' performance. How will this affect the calculators division?

Edited: 19 July 2005, 9:26 a.m.


#13

Those of us who are facetious would say "Not at all".

Seriously though, I am glad to see that some of the cuts are coming into the accounting sections and the IT group. (IT group? The hardware people, the software people, or the support people?)

Having said that however, I am less inclined to think that the calculators division will survive the next four years unless they find a killer application/platform.

12345

#14

I'm hearing that lots of the cuts will be in services/support groups - the 'consulting' groups that compete w/Big 4 accounting firms, IBM, Sun etc for customer tech implelemtations.

From what I've heard, much of the cuts in these groups will happen in Europe, apparently. IBM did this too a few months ago. European econimic growth just isn't there.

The calculator group is so small CEO Mark Hurd may not even know it exists. Dollar-wise compared to HPs other groups it's "in the noise".
Even if it were brilliantly executing and was growing well it could still be cut since it's "small potatoes".


Bill Wiese

San Jose CA


#15

Quote:
Even if it were brilliantly executing and was growing well it could still be cut since it's "small potatoes".

That is what I fear.

#16

A better solution would be for them to build a "B Ark" for the upper and middle management. But managers usually aren't willing to lay themselves off; they blame any problems on their underlings, who blame it on theirs, and so it's the individual workers, most of whom were hard-working and contributing directly to the bottom line, who get sacked. The managers that made the stupid decisions that hurt the company's P&L usually stick around forever.

Sigh.


#17

Hi,

I suggest you look at the press release from this afternoon. The remarks made here are more or less very different from the real story and do not give credit to the big design behind the change plan.

Pierre


#18

Let's face it, this is still fall out and clean up from lack of performance under Carly along with Compaq acquisition. I'd still like to see HP return to the company it once was, but it's probably not in the cards.


#19

Not to beat a dying or dead horse, but this morning (July 22/05) I read that HP has disbanded it Advanced SOftware Research Team and laid off Alan Kay - inventor and visionary.

Oh yeah, HP is definitely on the right track....

#20

BOOOOOOOOOOOO!!!! Sorry, but I always hate it when companies cut thousands of jobs.


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