Received your retrenchment letter yet?

[新加坡陈庆扁总统]

http://online.wsj.com/articles/hewl...rt-to-keep-pace-with-revenue-slide-1401311051


Hewlett-Packard Layoffs Reflect Effort to Keep Pace With Revenue Slide
CEO Meg Whitman Risks Problems in Attracting Talent

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By SPENCER E. ANTE CONNECT
May 28, 2014 5:12 p.m. ET
Hewlett-Packard Co. HPQ -0.06% 's new plan to lay off as many as 16,000 employees comes during a challenging transition in which the computer maker's revenue has fallen faster than its head count.


Meg Whitman
H-P previously announced 34,000 layoffs as part of a multiyear restructuring plan, bringing the total workforce reduction to a potential 50,000 jobs. That would be down 14% from H-P's peak employment of 350,000 employees in the fiscal year through October 2011.

H-P's revenue peaked that year, too, at $127 billion. It has fallen each year since. Revenue in fiscal 2013 was 12% below the peak, while H-P's workforce was 9.2% below its peak. Sales are expected to decline again this fiscal year.

"They are right-sizing the company for its revenue," said Sanford Bernstein analyst Toni Sacconaghi.

Mr. Sacconaghi and some other analysts interpreted the new layoffs as a potentially worrisome sign, suggesting that the Silicon Valley company could face tougher challenges ahead as Chief Executive Meg Whitman hits the midpoint of her five-year turnaround.

 

[winnipegjets]

And HP will then import Ah Nehs to fill the displaced sinkees.

 

[krafty]

and pinoys too...

And HP will then import Ah Nehs to fill the displaced sinkees.

 

[Dark Knight]

That previous lady CEO's greatest mistakes of all time is to bought over Compaq.
As a result of her ambitious move, many staffs has been asked to let go and many operation has been outsourced to India.

Ever since HP bought over Compaq, it's sales of notebook and desktop has drop significantly.
Their design can't even keep up with the market trend.
The Compaq brand seems to have almost disappeared from the market.
Hardly see any people carrying HP and Compaq brand of notebook these days.

 

[Runifyouhaveto]

That previous lady CEO's greatest mistakes of all time is to bought over Compaq.
As a result of her ambitious move, many staffs has been asked to let go and many operation has been outsourced to India.

Ever since HP bought over Compaq, it's sales of notebook and desktop has drop significantly.
Their design can't even keep up with the market trend.
The Compaq brand seems to have almost disappeared from the market.
Hardly see any people carrying HP and Compaq brand of notebook these days.

here's my 2 cents

HP insiders will tell you that there were two main reasons for buying Compaq
- Desktop n Laptop business; they realized that organic growth will never see them overtaking Dell, or even Asian competitors, eg Acer.
- Servers; Compaq's Proliant servers proved to be a gem in the takeover. Unit today, customer satisfaction for Proliant platform should be highest, if not one of the highest in the industry, (unless we are taking about IBM's blade servers which adopted IBM's mainframe technology)

HP's 2 main types of servers are still lacklustre, so thanks to Proliant.