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Economics Discuss HP outlines 27,000 layoffs, $3B in savings at the Political Forums; HP outlines 27,000 layoffs, $3B in savings Hewlett Packard Co. outlined a plan on Wednesday to lay off roughly 27,000 ...

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Old 05-23-2012, 04:22 PM
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Default HP outlines 27,000 layoffs, $3B in savings
HP outlines 27,000 layoffs, $3B in savings

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Hewlett Packard Co. outlined a plan on Wednesday to lay off roughly 27,000 employees or about 8 percent of its workforce, generating annual savings of $3 billion to $3.5 billion as it exits fiscal 2014.

The world's No. 1 personal computer maker said in a statement most of those savings would be reinvested into the company.

HP outlines 27,000 layoffs, $3B in savings - chicagotribune.com
Stockholders believe 27,000 employees were expendable when the company saves $3 billion to $3.5 billion a year..
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Old 05-23-2012, 04:25 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
Save who? The Chinese or India? Who do they think is going to buy products without a job? Certainly not Americans.
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Old 05-23-2012, 04:31 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
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Originally Posted by saltwn View Post
Save who? The Chinese or India? Who do they think is going to buy products without a job? Certainly not Americans.
Yup and we may see even more of this expendable labor/corporate "savings" plan after November. Eventually...in 10 to 15 years,it may trickle back down to labor..

Gee..I'm glad I'm in business for myself...
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Old 05-23-2012, 04:41 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
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Yup and we may see even more of this expendable labor/corporate "savings" plan after November. Eventually...in 10 to 15 years,it may trickle back down to labor..

Gee..I'm glad I'm in business for myself...
Me too though I've seen no revenue lately
And I'm glad as heck my kids are versatile and always thinking the angle. Two are in a couple of businesses and are doing well, just paid themselves out of debt and trying to save for a baby.
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Old 05-23-2012, 04:45 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
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Me too though I've seen no revenue lately
And I'm glad as heck my kids are versatile and always thinking the angle. Two are in a couple of businesses and are doing well, just paid themselves out of debt and trying to save for a baby.
Our generation had it pretty good,great wages and benefits and you worked for the same company for 30 years or more.

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Old 05-23-2012, 04:58 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
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Our generation had it pretty good,great wages and benefits and you worked for the same company for 30 years or more.

Mary Hopkin - Those were the days - YouTube
Yes and as I sit here I know younger people get tired of even hearing how good it was. I feel so guilty that we were duped somewhere along the way and allowed this to happen. We should have been marching on the streets in the eighties , Lord knows we knew how to organize. But we were busy living and raising families. When things started to change we just hung on or packed up or retrained.
But I can't help but think the American spirit that led us to lead the world will get us -if not back, will get us -up.
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Old 05-23-2012, 06:18 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
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Yes and as I sit here I know younger people get tired of even hearing how good it was. I feel so guilty that we were duped somewhere along the way and allowed this to happen. We should have been marching on the streets in the eighties , Lord knows we knew how to organize. But we were busy living and raising families. When things started to change we just hung on or packed up or retrained.
But I can't help but think the American spirit that led us to lead the world will get us -if not back, will get us -up.
When I sold the home I had built for my family in 1971,I received three times what I paid for it. I made a great living and my wife never had to work. After the kids finished HS,she went back to college and went to work. My how the times have changed..
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Old 05-24-2012, 03:19 PM
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Default Re: HP outlines 27,000 layoffs, $3B in savings
What was missed is how well HP shares did yesterday. from Yahoo. They have a video between the title and the short story.

Quote:
.HP laying off 27,000 workers in restructuring

Associated Press – 23 hrs ago. Posted 24 may 2012....

PALO ALTO, Calif. (AP) — Hewlett-Packard says it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business.
The Palo Alto, Calif., company says it'll save $3 billion to $3.5 billion annually from cost cuts, including the layoffs.

Hewlett-Packard Co. expects to complete the job cuts by the end of fiscal 2014.

Shares are up $1.40, or 6.6 percent, to $22.48 in aftermarket trading Wednesday.
HP laying off 27,000 workers in restructuring - Yahoo! News
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