Hewlett packard layoffs by the numbers

That means cutting another 11, in the coming months. HP told Wall Street analysts about the new layoff targets and date in May. On Monday, it confirmed this info in its official quarterly report filed with the SEC, saying. But it's not exactly clear exactly when HP will end the process. On the quarterly conference call, analysts pushed Whitman to tell them if these numbers and dates were firm. Her answer was ambiguous:.

Hewlett-Packard Layoffs By the Numbers

We went after the ones [job cuts] that were immediately obvious, but the longer I am here and this management team, is here the more opportunities we see. If Whitman does end HP's layoffs inthat will be a huge change for the company. That deal doubled the employee count to overpeople. But the company is still huge.

It employs aboutemployees worldwide. And HP ES remains a problem.

hewlett packard layoffs by the numbers

Last quarter, HP reported that the unit had shrinking revenues and razor-thin margins. So, if in the coming months HP announces yet another expansion of its layoffs, no one should be shocked. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options.

BI Prime. Julie Bort.Nwhich plans to split into two listed companies this year, said it expected to cut about 33, jobs over three years as the tech pioneer adjusts to falling demand. Up to 30, of the layoffs will be in the enterprise business and up to 3, in HP Inc, the company that will continue to make personal computers and printers, HP said in a regulatory filing on Wednesday. The charges will be taken between the current quarter and the end of fiscalending Oct. Job cuts have become a way of life at HP in recent years as the company digested a series of acquisitions that failed to revive its fortunes.

Chief Financial Officer Cathie Lesjak said last month that HP expected the previously announced job cuts of 55, to increase by up to 5 percent by the end of October. HP said it was moving more of its workers to lower-cost locations as part of its efforts to cut costs. In its fiscal year, the company said 36 percent of its employees in enterprise services worked in what it called low-cost locations. This year 42 percent do, and executives said they plan to increase that percentage to 60 percent by HP shares were up 0.

The stock fell 1. Discover Thomson Reuters. Directory of sites. United States. Technology News. Abhirup RoyHeather Somerville.PHOTO: The Corvallis, Oregon morning newspaper headlines announced the latest layoffs by Hewlett-Packard as being the result of a structural decline in business and the last year split off of the computer printer and PC business from the Hewlett-Packard Enterprise that runs a computing services business.

Both of these parts of HP had been previously split off from the medical, analytical and electronic instrument test and measurement businesses that were later split into Agilent Technologies and Keysite Technologies, which included the electronic test and instrument businesses run by HP since it was founded in Up to 4, workers are to be laid off across the company," Gazette-Times, Fri.

A1, A3 gazettetimes. The first building was built in at the center of the site and named "Building Number 4.

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At the Corvallis site, HP invented some of the first personal desktop and portable computers, which led to the construction of HP buildings numbers 3 and 5 being built adjacent to Building 4. HP also built the world's first handheld computer smart phone in based on Bell Labs then new cell phone technology, but the project was cancelled by HP management and Steve Jobs of Apple picked it up after being shown it.

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Over the next twenty years, the big growth of the site occurred after the invention of the inkjet printer for both calculators and personal computers that led to more buildings being built to house the nearly 10, employees who were working on the HP Corvallis site by the 's. I've written recently about the history and influence of company founders Bill Hewlett and Dave Packard. What I've not said much about is how the Hewlett-Packard company founders William Hewlett and David Packard avoided laying off employees from the start of the company's founding in until their deaths around the turn of the 21st Century.

They were both humble men who had survived the Great Depression in the 's and therefore did everything in their power to manage HP in a very conservative manner that would not require HP to be a hire and fire operation in order to remain profitable and in business if another Depression occurred. They also did not want to follow the stuffy and formal business practices common in Back East companies at the time, for example, both men insisted on employees dressing casually and calling them by their first names Bill and Dave instead of by the more formal conventions of addressing them as "Mister," while dressed in a business suit.

To avoid layoffs, Bill and Dave adopted a very conservative business strategy that was paradoxically based on innovation and invention, which historically had led many businesses to high risk, boom and bust ventures. To avoid layoffs, in addition to their excellent judgement in deciding what products to invest in versus not, they believed in having a diversified portfolio of businesses and products that were each managed by a dedicated team that could fail or succeed without bankrupting the company.

This strategy allowed for the risk taking that often led to spectacular successes, while at the same allowing Bill and Dave to easily judge the financial results within thier larger business. The advantage of Bill and Dave's decentralized division management business model was it allowed the company to grow by promoting the best people within the company without requiring Bill and Dave to micromanage every business for overall HP success.

This business model worked great in the types of businesses HP was initially involved in, such as electronic test and measurement instruments and handheld scientific calculators, but it proved to have a problem in businesses that required a system of products from multiple divisions and other companies, such as computer systems, which need mutally exclusive business models to be competitive u the real world. By the 's Bill and Dave had recognized the system management issue and reorganized their managers in a matrix with responsibilities to both their "box product business" as well as to the success of HP's system businesses.

Of course, this was easier said than done because it required managers to fly all over the world to coordinate their activity with other businesses as well as HP's customers.

Despite the difficulty of managing the rapid growth and diverse businesses of HP, Bill and Dave kept the HP growing growing until they died.

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But after they died, Wall Street investment bankers started to impose their view of how companies should be organized and divided it up into smaller pieces that were easier to manage and easier for Wall Street to understand and judge the success or failure of the business finacially.

Of course, Wall Street investment bankers make good money by splitting up companies, but they did have a good point about the drastically different business models that were required to make HP successful and the fact that these business models were often in conflict to the detriment of all. Another example was the business versus consumer businesses, such as HP printers, where a home user doesn't have the same expectations of reliability and speed that a business might have and be willing to pay for.

Consumer printing products, such as inkjet printers successfully profit from a business model that is called by business schools a "razor vs. Of course, the problem created by needing to use multiple business strategies is figuring out how it can be explained to public investors, including inpatient Wall Street stock portfolio managers who can't figure out how to value your business in the public stock market.

Of course, as long as the company founders Bill and Dave were the major stockholders, it didn't matter because they understood it and as long as they grew revenue and profits, Wall Street didn't care about the details.

However, shortly after their deaths, HP was pressured into a four way split of their business, along with a few acquisitions and mergers driven by Wall Street investment bankers. Sadly, while HP is still a big company, this has led to it becoming a hire and fire operation like most companies in America. Search This Blog. Labels: Allgthp. Newer Post Older Post Home.Hewlett-Packard, which is splitting into two listed companies later this year, said it expects to cut another 25, to 30, jobs in its enterprise business as the tech pioneer adjusts to falling demand.

The company indicated the cuts will be global, but provided no specifics. It is not clear at this stage what impact the global restructuring will have here. Under the split into two companies, the other company, HPwill comprise the computer and printer businesses, which have been hit hard by a relentless decline in sales of personal computers.

Job cuts have become a way of life at the company in recent years as it has digested a series of acquisitions that failed to revive its fortunes. HP said it is moving more of its workers to lower-cost locations as part of its efforts to cut costs.

Hewlett-Packard Is Planning Massive Job Cuts

In its fiscal year, the company said 36 percent of the employees in the unit of HPE called enterprise services worked in what it called low-cost locations.

This year 42 per cent do, and executives said they plan to increase that percentage to 60 per cent by Of the units to be housed in HPE, which will be run by Whitman, sales in enterprise services dropped 11 per cent, while revenue at the enterprise group rose 2 percent.

HP shares fell 1. Tech Tools: Device features Active Zone Minutes, which tracks any workout that boosts your heart rate. Hewlett-Packard to cut up to 30, more jobs worldwide Unclear what impact restructuring will have on Irish operations, which employ 4, Wed, Sep 16,Updated: Wed, Sep 16, National League.

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Fitbit releases Charge 4 ahead of expected Google acquisition Tech Tools: Device features Active Zone Minutes, which tracks any workout that boosts your heart rate.The following is a partial list of products manufactured under the Hewlett-Packard brand.

Printer Notes: In HP printers introduced since caalpha codes indicate product groupings and optional features, thus for example: [3]. HP series desktop computers as follows:. See HP Business Desktops. Compaq Evo line of business desktops and laptops was rebranded HP Compaq see below for recent products.

See the HP EliteBook article for more details. The xx60 series, announced on February 23,[7] comprised the following models:. The fourth generation, announced on May 9,[8] comprised the following models:. A series of multimedia notebooks. From Wikipedia, the free encyclopedia.

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Wikipedia list article. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Further information: HP LaserJet. Further information: HP Photosmart. Further information: Multifunction printer.

Further information: HP Deskjet. This list is incomplete ; you can help by expanding it. Further information: HP E-series. Further information: HP M-series. Further information: HP R-series.

Further information: Tablet computer. Further information: Mobile phone. Further information: Jornada PDA. Further information: iPAQ. HP 2 pen HP 6 pen. See also: HP calculators. Further information: HP Touchsmart.

HP India may cut 500 jobs, say analysts

Further information: HP Brio. Further information: HP Vectra. Further information: HP e-PC.By next spring, Margaret C. Whitman, known internationally as Meg, won't have to worry about the day-to-day business of a major IT corporation anymore. During HPE's quarterly report to analysts and investors Nov.

hewlett packard layoffs by the numbers

Whitman, who will remain on the HPE board, has planned ahead, downsizing from her large Atherton estate to an apartment in Palo Alto, Calif. If one goes strictly by the numbers, which can be manipulated but do not lie, Whitman has had a successful reign in the big chair. HP Inc. Investors should have no complaints.

Hangout: Layoffs at HP, BlackBerry; Resume Spamming?

Critics say Whitman raised the value of the stock by cutting costs at HP, and they have a point. But the company has been managed by her and her team to stay in the financial black while revenues have leveled off and declined--mostly due to competition from smaller, more nimble new-gen software and hardware companies. HPE and HPI have remained vital cogs in the international IT business through sales of printers, servers, storage, networking equipment, laptops, workstations, management software and a ton of services--in person and in clouds--to cover all of them.

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She has served CEO tenures at both eBay to and HP totaking some time off from business in and in an unsuccessful run as a Republican for governor of California. In fiscalafter the company split into two--HP Inc. Whitman's tenure at Hewlett-Packard was marked by a major split, a big spinout-merger, numerous acquisitions and several division sales that changed the legendary year-old Silicon Valley company forever.

They include 3COM networking,3PAR data storage,Vertica database analytics,Eucalyptus cloud management software,Aruba Networks mobile networking,Simplivity hyperconverged data center equipment,Cloud Cruiser cloud cost management and optimization, and Nimble Storage flash and hybrid data storage, The Autonomy deal was not a high point.

He lasted less than one year before being replaced by Whitman. At the time, HP was seen as problematic by the market, with margins falling and having failed to redirect and establish itself in major new markets, such as cloud and mobile services. Apotheker's strategy was to dispose of hardware businesses like Palm and move into the more profitable software services sector, a strategy competitor IBM was also enacting at the time.

As part of this strategy, Autonomy and its analytics franchise was acquired by HP in October The deal was widely criticized as chaotic attempt to rapidly reposition HP and enhance earnings, and had been objected to even by HP's own CFO.

Other problems eventually surfaced surrounding Autonomy, including allegations that it oversold its capabilities to Apotheker and other HP executives. Litigation surrounding the ill-fated deal continues to this day. This is the unsettled scenario in which Whitman arrived in the CEO chair, although as a board member she certainly had to see some of the problems coming.

Repercussions of these problems are still being felt today. As a result of this turmoil, a large part of Whitman's job was about being the heavy.

In her six-year tenure, Whitman had to do what managers universally hate to do: oversee the layoffs of employees. At last count, the number of those let go amounted to nearly 85, Eighty-five thousand. That's more than too much displacement for anybody to have to handle. Firing even one person is difficult. HR and acquisition issues not withstanding, Whitman has said she is optimistic about the company's new leadership. See this CNBC video. Chris J. In his 15 years and more than 4, articles at eWEEK, he has distinguished himself in reporting Research Assistant on Top IT resources to move your business forward.

Research Assistant Top IT resources to move your business forward. Toggle navigation Toggle search Advertiser Disclosure.Hewlett Packard Enterprise Co. Stocks: Real-time U.

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Hewlett Packard Enterprise is reportedly laying off 5,000 workers globally

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hewlett packard layoffs by the numbers

News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Dow Jones. News Corp. HPE U. Advanced Charting Compare. Open News Hewlett Packard Enterprise Co. Key Stock Data. Earnings Per Share TTM A company's net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding.

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For companies with multiple common share classes, market capitalization includes both classes. Shares Outstanding Number of shares that are currently held by investors, including restricted shares owned by the company's officers and insiders as well as those held by the public.

hewlett packard layoffs by the numbers

Public Float The number of shares in the hands of public investors and available to trade. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.


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