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161 Comments
- vroom101, on 09/15/2008, -8/+35The U.S. economy is in deep trouble and it's not getting any better . . . how are we ever going to get out of this mess?
- darthsand, on 09/15/2008, -6/+32Woah, where will all the employees go? Why do corporations keep cutting the employees who bust their ass for the product?!
- inactive, on 09/15/2008, -7/+30Things haven't changed. It's all about profits, as usual.
- inactive, on 09/16/2008, -2/+24my buddy currently works for HP in texas, he said they are outsourcing his whole department and he has to train the guys who are taking his job! so messed up man!
- MacBookForMe, on 09/15/2008, -1/+23It's very simple, if there is no profit business cannot survive...
- thelif, on 09/16/2008, -2/+22Most investors don't receive a check at the end of the year for social value, I'm pretty sure that's why.
- MelvinSchlubman, on 09/16/2008, -2/+20I was laid off from HP (Fort Collins, Colorado) in Sept 2006. I wasn't glad at the time (thou the severance was nice). Based on what I hear from current hp friends, it's been a dour mood across the company. Now I'm glad I was spared 2 years of that and of always waiting for the next Day of the Long Knives.
- SuperJason, on 09/16/2008, -1/+16Wow, think how much they could save if they fired EVERYONE!
- HotSaucePanCake, on 09/16/2008, -1/+14HP and EDS are multinational corporations. All of the job restructuring will not take place in the US.
- bury, on 09/15/2008, -1/+14I don't know how HP does tech support, but if it's anything like EDS, we're just trading one outsourcing company for another. I wonder how many of the planned 12,000 new hires (over the next three years) will be in the US?
- Ragingcnu, on 09/16/2008, -3/+15"Fundamentals of the economy are strong" people, nothing to see here... move along...
- BrokenCircle, on 09/16/2008, -2/+13I plan on voting Obama but you are still a ***** idiot.
- LimeParrot, on 09/16/2008, -0/+11Whoa, 25,000 people is only 7.5% of the HP workforce? Wow... that's a lot more people working for a company than I would of guessed... So around how many people work for Apple, Dell, Microsoft etc?
- inactive, on 09/16/2008, -3/+13No, HP is still in trouble because Carly Fiorna ran it into the ground, and HP is still recovering from those dark days. Carly Fiorna now works the McCain campaign, and thinks kooky things like the SNL skit about Palin was sexist.
Although, I don't see how HP hooking up with another republican nut ball is going to help it, because this time its Ross Perot... - friz, on 09/16/2008, -4/+14Why is it that we cannot keep our jobs? Basically the stock holders are saying, make us money no matter what. That is complete *****. A company should stand by their employees and find out other ways to cut costs instead of outsource to whoever because they work for pennies. They work for pennies because they have nothing to buy or support. Way to support the economy HP. Taking you off my list of manufacturers to buy from.
- nitemonkey, on 09/16/2008, -0/+10Are you suggesting that HP should exist for the purpose of employing people?
- omenmedia, on 09/16/2008, -1/+11What will this mean for the cost of inkjet cartridges? We complain about fuel prices, but I calculated (ignoring the cost of the print heads and cartridge itself) that the genuine HP ink for my printer costs $17,757.13 USD / gallon for the black, and $26,222.51 USD / gallon for the color. Most expensive liquid on Earth?
- nrox653, on 09/16/2008, -1/+10Eeeh... That ain't good for the economy.
- jmpeagle, on 09/16/2008, -1/+9uh...you seem to be the only one spouting politics
- kishosingh, on 09/16/2008, -1/+8In India also there are announcement by RBI that in coming next 1 year there will be about 100,000 unemployment.
- Ghostalker, on 09/16/2008, -1/+8Next week HP will announce a new business plan to open facilities overseas... and hire 25,000 Indians to run them.
- freeplatypus, on 09/16/2008, -4/+11If you would read the article you would know that half of job reduction is going to happen in US.
- AussieCynic, on 09/16/2008, -1/+7sounds about right.. if I worked there I would be job hunting
- inactive, on 09/16/2008, -0/+6Just pretend the economy is doing awesome and make pancakes instead.
pancakes > waffles - kfconme, on 09/16/2008, -3/+9...No one has said Ron Paul yet?
- nitemonkey, on 09/16/2008, -1/+7Umm yeah....it's a business.
- inactive, on 09/16/2008, -1/+7Oh really? Republican government spent US$439.3 billion on military ALONE in year 2007. Yeah that's a really good public spending by the Bush's administration. [sarcasm]Yeah, politics are not involved[/sarcasm]
- ScrewedThePooch, on 09/16/2008, -1/+7He should tell them to ***** off and leave.
- tabledesk, on 09/16/2008, -1/+7I was just thinking about how destructive Carly Fiorina [1999-2005] was to the company. Market cap halved, and HP's own attempt at a portable media player canceled in favor of signing the Jobs-trap iPod + HP deal (lol get an HP with your iPod) that left everyone who bought it unable to have Apple actually service the rebranded device.
And of course the contract barred them from working on anything until one year after the pact/deal was terminated. Late 2006. Pretty ***** late for an entry to consumer music.
She'll make a great advisor to the country's economic future in the McCain cabinet. - slayernine, on 09/16/2008, -6/+11Not really, I work at one of these stores and HP's are flying off the shelf in record number. People are starting to realize that Vista isn't a bad thing like they have been told by idiots like you.
- crapuccino, on 09/16/2008, -0/+5In the UK it went on a lot longer than that. Seemed like never-ending rounds of redundancy after Compaq bought DEC - I was originally a Compaq-er. I finally got mine when the wicked witch got hers in 2005. I take some comfor that they had to pay her 21 million dollars to go away whereas I got squat, so they obviously think I was worth 21 million dollars more than she was (I'm not sure my logic is quite straight there though ...)
As you say, it was always waiting for the next Day of the Long Knives, and towards the end it was "How many are going to go this quarter?". It was horrible and nobody really gave a toss long-term. I understand that Mr Hurd was even more of a hatchet-man. Morale must have been terrible. - crapuccino, on 09/16/2008, -0/+5Before the EDS aquisition, HP was the remains of HP, DEC and Compaq. When I left there were still about 80,000 worldwide (if memory serves).
EDS are a big outfit, and they operate not on products, but on bodies. The combines figure is not surprising. - vroom101, on 09/15/2008, -1/+6http://digg.com/business_finance/From_Programming_ ...
- Shirleycakes, on 09/16/2008, -1/+6I knew that Potter boy would be bad news.
- Tuto, on 09/16/2008, -1/+5The only thing that pisses me off about lay offs is the fact that the executives never get fired and even if by some miracle they are fired, they all get the golden parachute. The rewarding system of the corporate world is all *****.
- HotSaucePanCake, on 09/16/2008, -0/+4HP does more than make PC's ohh the little window in which you have into the world... Don't forget about its Technology services business which is $65 Billion large this contain, consulting, integration, services, servers, data centers, crm, supply chain management, etc...
Ohh and then there is one of the largest R&D labs in the world with over $5 billion being spent annually.
Then i think they make printers, not sure about that, ohh ya they dominate that market too.
You suggested HP management needs changed? You must be off your rocker. Hurd ranks in the top 10 most powerful business people in the world. He is a savant. Shareholders will never want to get rid of him. - dsmx, on 09/16/2008, -0/+4It will be the people who don't actually do anything that will get fired those middle management types who just create work for each other. If you actually do a job that useful to the company you won't get fired
- nitemonkey, on 09/16/2008, -6/+10Woah, where will the companies get employees from? Why do employees keep switching jobs every 3 years and what will happen to the bosses that bust their ass to create employment?!
What I'm getting at is this: the expectation that a company should provide employment indefinitely is stupid. Same as it would be stupid to expect an employee to stay in the same role forever.
A bit of balance please. - DiscoUnderpants, on 09/16/2008, -1/+5@freeplatypus
So like HotSaucePanCake said? Not all of the job restructuring will occur in the US? - DamnMan, on 09/16/2008, -2/+6There is sustainable profit and there is corporate greed and golden parachutes. Which is this? Spending 13.9 billion to buy another company sounds like the move of a struggling company to me.
- nitemonkey, on 09/16/2008, -0/+4@ScrewedThePooch: Surely you can't be that stupid...or can you?
- norman619, on 09/16/2008, -2/+5Here's an idea. How about we stop voting for people who ignore the will of the people? We need to stop hiring the same scum that repeatedly disregard the will of the people in favor of special interests. How about we not let the government do the same illegal accounting ***** Enron did? The last move of not putting the last bail on the books last weekend really pisses me off. They are going to hide it on yet another set of accounting books. This way when they calculate our debt they can disregard it and make it look like things aren't as bad as they actually are. We are in for a really bad time of our own making. Then we have 2 candidates who are talking about spending even MORE money making our debt even worse. It's pretty damn depressing. The American people also have to also be broken of their addiction to credit. I don't care what the credit bureaus and banks say, being in debt is NOT a good thing.
- norman619, on 09/16/2008, -0/+3no no no!!! Waffles have all those neat pockets to hold all that syrupy goodness. Waffles FTW!!!!
- HotSaucePanCake, on 09/16/2008, -1/+4They wouldn't cut them if they didn't have to. Remember there are still 250K people still "busting" their asses off at HP
- chourobin, on 09/16/2008, -4/+7I know some of you don't need reminding but, just to let it stick:
http://www.academycomputerservice.com/economics/ch ...
"Oh, but Bush — the nation’s first MBA president, mind you — had such grand plans! His tax cuts for the rich would foster economic growth and job creation, resulting in more tax revenues, and everything would be rosy. The string of budget surpluses rung up by the Clinton administration would continue unabated.
But look where we are in the twilight of Bush’s tenure. America has experienced seven straight months of job losses. The housing crisis is the worst since the Great Depression. Energy and food prices have soared. An almost-anything-goes regulatory approach has produced an epidemic of bad subprime loans, spiraling credit-card debt and a tsunami of property foreclosures and bankruptcy filings.
The wages of many Americans aren’t keeping up with inflation. Millions of middle-class households from Florida to California have seen their net worth (assets minus liabilities) wither as a result of falling home values, higher personal debt and a shrinking 401(k) hammered by a declining stock market.
Republicans’ once-logical claim to being the party of small government has been eroded by Bush’s presidency. While the Bush tax cuts continue to restrict government revenues, spending has soared for entitlement programs such as Social Security and Medicare (including a costly new prescription drug program), defense, education and other departments." - Star Telegram - HotSaucePanCake, on 09/16/2008, -0/+3I disagree, HP is doing well in the PC market, but this is not there main source of revenue... they also have a technology services unit which now accounts for roughly $65-$70 billion of their revenue (counting EDS)
- crapuccino, on 09/16/2008, -1/+4That is the biggest load of rubbish I ever heard. Since the Compaq/DEC merger before HP came along it's been a continuous slow bleed. Once a quarter it wasn't "If?" but "How many?". Hurd came along and the bleeding became worse.
Sure they're delivering the numbers - Fiorina sold HPs soul, together with Compaq and DEC for good measure. Hurd maintained profitability at the expense of the workforce.
Of course Wall St won't be upset, they don't care about people losing their jobs, only making $$$ at the expense of others.
I have never seen a more uncaring, inhuman post on Digg. You should be ashamed of yourself. - crapuccino, on 09/16/2008, -0/+3She was totally unpleasant. During her tenure as CEO, if you asked her what HP did, the response would be "We sell ink and some other stuff".
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