HP may lay off 25,000

In my unofficial view (which may have included former employment at HP/EDS...) I'd say HP has a lot deeper problems than Obama.

From the article...
The number to be cut includes 10,000 to 15,000 from Hewlett-Packard's enterprise services group, which sells a range of information-technology services and has been beset by declining profitability, said these people, who asked not to be identified because the plans aren't final and may change.
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Yeah, I would think most cuts would hit that group, which includes the former EDS teams. Unofficially, again, of course (as I may have worked in the specified enterprise services division) I'd say HP really sucks at delivering managed services, and their customers figured that out and moved their sourcing, accordingly. Unofficially, we all knew we did shitty work, but with the management structure the way it was, we weren't allowed to do any better. And that was at one of the few remaining US centers. The guys at Kuala Lumpur and the other cheap centers sucked so hard they didn't even realize how terrible they were. I really sympathize with the remaining HP customers.

That, coupled with a lack of overall vision caused by the revolving door of CEOs and board members, counts for far more losses than any other business challenge for them.

(Though, interestingly, HP's build quality on consumer electronics and printers is currently better than it has been in the past two decades.)
 
ilwrath said:
In my unofficial view (which may have included former employment at HP/EDS...) I'd say HP has a lot deeper problems than Obama.
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Cool. I worked for that company formerly owned by Ross Perot too. Good times. Their stock went down the toilet back when, you guessed it, George Bush Jr was at the helm. HP made the really bad decision of buying EDS. HP made plenty more bad decisions since. Blaming Barack Obama for any of that is just silly.
 
"GOP presidential hopeful Mitt Romney took some time, in an interview with National Review published Thursday, to praise Hewlett-Packard chief executive Meg Whitman"
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I'm not sure you could judge Whitman much yet, one way or the other. She inherited a complete shambles from Leo, who took a couple years to make a complete mess of the remaining divisions Mark Hurd hadn't slept with and Dunn hadn't illegally wiretapped.

Cool. I worked for that company formerly owned by Ross Perot too. Good times. Their stock went down the toilet back when, you guessed it, George Bush Jr was at the helm. HP made the really bad decision of buying EDS. HP made plenty more bad decisions since. Blaming Barack Obama for any of that is just silly.
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I was actually on the HP side, having worked in the old Trade Services Group (TSG). They closed and outsourced most of the US centers while I was there. And each time they did that, they'd lose half or more of their existing customers that had been assigned to the center that moved.

Personally, I think HP bought EDS to get their customers. As far as I know, they were planning on outsourcing all the customers they could, to boost the flagging volume at HP's foreign centers. Also, HP wanted to have EDS's foothold in the lucrative US government contracting sphere, after completely botching their own attempt.
 
... And so it's now officially announced that the axe shall fall (again).

Earlier last week, rumors hinted that the HP would lay off 10,000 to 15,000 employees, but today the company revealed that 27,000 of HP's 349,600 employees will be cut by the end of 2014. According to Bloomberg, Hewlett-Packard CFO Cathie Lesjak said no unit of the company will be spared cuts, but the enterprise services group will take the hardest hit.
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http://arstechnica.com/business/2012/05/hp-lays-off-27000-employees-in-restructuring-move/
 
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