HP to Layoff 15,000 Employees

William Robinson writes "ZDNet reports that HP is planning to layoff 15000 employees. IT, sales and services will be among the areas particularly hit, although the sweeping cuts will be felt throughout the company, according to a close source to the company." From the article: "HP is expected to announce the layoffs as early as Monday, but employees are not expected to be immediately notified of their status, the source said, noting such a practice is common in corporate America. More high-level discussions on the layoffs will occur late next week and employees may get a greater sense of their specific status sometime thereafter."

Severance

[superpulpsicle]

Severance expenses averaged $78,000 per person

I guess this averages out with management's planned $10 million per executive along with the $1000 normal employee package.

In related news...

[MrDyrden]

HP to hire 15,000 new outsourced workers in Bangalore, India

Remember folks, outsourcing is good for the economy!

TGI Friday..

[wfberg]

Bob: "We find it's always better to fire people on a Friday."

Bob: "Studies have statistically shown that there's less chance of an incident if you do it at the end of the week."

Re:Vox populi, vox dei

[mcgroarty]

"Starting this year, HP will strive to build every one of our consumer devices to respect digital rights."

Man. Now if only HP would respect my rights. I'll take the right to working PSC 2175 drivers for Tiger for one thing, or the right to scanner software that doesn't require an XP admin account. (Hello, vulnerability!) And here's hoping 99% of those layoffs come from the printer-scanner-copier division and the remainder consists of whoever team chose the jet engine for the ZD7000 notebook fan.

Re:In related news...

[dada21]

Don't you mean 60,000 people hired in India? :)

Re:Severance

[Neoncow]

here's what will happen in 2030.

America will have fifty megacorporations. All of them will have one employee, a CEO. Everything else will be outsourced to other countries, and the CEO will bring in 150-200million a year as salary, without benefits.

Those poor CEOs. How will they feed themselves when they are only paid enough to buy a loaf of bread?

Re:This economy is on fire!

[joelsanda]

So is this the freight train of a bull economy everyone is raving about?

You're probably critical of Bush, too. Why, Rumsfeld and Bush alone have created more than 130,000 full-time jobs in Iraq.

"lay off", not "layoff"

[adrianmonk]

Being one of the resident curmudgeonly grammar freaks, I feel inclined to point out that "layoff" is a noun, and "lay off" is a verb (phrase). Therefore, it isn't possible to "layoff" someone; instead, you must lay them off.

Re:Direct link to India job listings

[fafaforza]

Wait... so you're saying that there are sites on the internet that do not fit vertically on a display? Damn! No wonder I had that funny feeling that I was only getting a part of the story when reading online articles. Thanks for the tip!

HP and the Feminist movement

[brsmith4]

Board of directors: "That's the first time and the last time we ever let a woman run our company."

This instance does not speak for all women, but this definitely will not help them either. Thanks, Carly.

i envision that...

[KillShill]

the price of ink cartridges will skyrocket...

just a hunch

Re:30% Work Force Reduction

[Anonymous Coward]

Considering your advanced proofreading and authorship skills, it's no wonder you're looking for a new job.

Re:HP is the walking dead

[be-fan]

There is a recent HP commercial that I think is precious. They do this big commercial about the "HP Apple iPod" (ie: the product Apple developed and HP is merely reselling), then at the end the HP tagline chimes in: "HP - Invent".

Re:30% Work Force Reduction

[Reaperducer]

It looks like they laid off 30% of the keys on his keyboard.

Re:This economy is on fire!

[timeOday]

Why, Rumsfeld and Bush alone have created more than 130,000 full-time jobs in Iraq.

And quite a few of those are lifetime employment!

Re:Started by Bush Sr, continued by his son

[Anonymous Coward]

Jerry Sinfield racks up 100+ parking tickets ... "I am toed, I have someone else who can bring me another porche"

If he's toed, he can foot the bill; this makes him the arch-enemy of all the ankle-biters he walks over.