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HP to cut 25-30k jobs

bbc.com

211–220 of 319 posts

Re: HP to cut 25-30k jobs

#211
post #100
post #89

Earlier quoted context omitted.

Chile is a far stronger economy than Poland will probably ever be.

Is this a joke? Poland has a larger population than chile, better per capita GDP, and is a power house in the middle of Europe. They do still have some internal problems but this is nothing compared to the (low key) international conflicts Chile still is involved in. I love both countries though.

So why are there so many Polish immigrants and so few Chilean ones?

Re: HP to cut 25-30k jobs

#212
post #100

Earlier quoted context omitted.

Is this a joke? Poland has a larger population than chile, better per capita GDP, and is a power house in the middle of Europe. They do still have some internal problems but this is nothing compared to the (low key) international conflicts Chile still is involved in. I love both countries though.

GDP per capita is higher in Chile and has 2-3x the growth Poland has.

[deleted]

Re: HP to cut 25-30k jobs

#213
It's much easier to buy companies (revenue) than to produce it yourself. This is their strategy. Buy companies to get revenue up, then cut costs via layoffs where there's overlap.

Re: HP to cut 25-30k jobs

#214
post #4

HP's new business model for the last 2 years : * cut costs (mostly by disabling essential business functions) * buy back stock using proceeds The result: https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&... The person in Charge : Meg Whitman. In 2008, she was cited by The New York Times as among the women most likely to become the first female President of the United States. Because what "worked" for HP, w…

That was basically the same plan Sam Palmisano put into place at IBM. I call it "cut your way to prosperity". Basically cutting cost and not growing revenue with a focus on manipulating earnings per share. It seems very short sighted to me but I'm no multi millionaire CEO shrugs. At least Rometty seems to have abandoned it.

Re: HP to cut 25-30k jobs

#215

Earlier quoted context omitted.

It bothers me when people suggest unrealistic possibilities to people being layed off like starting their own businesses. There's 10% unemployment. Is that really a legit solution? Capitalism is built on the idea of everyone 'working' and 'having a job' and theres lots of people like his dad who really want work, and are loyal and hardworking. But there's not enough jobs to go around and the amount keeps decreasing d…

Not enough jobs to go around? I disagree. There are ~5.8 million job openings as of the end of July. The highest level maybe in 15 years [1]. The unemployed worker per job opening ratio is also at the lowest in 15 years [2]. The U6 unemployment rate for people that have some college is 5.x%; the unemployment rate for people with a four year degree is 2.x%. There have been eight million full-time jobs added in just fo…

Maybe if you are under 30, look like Mark Zuckerberg, and have a CS degree from Carnegie Mellon or Stanford.

Re: HP to cut 25-30k jobs

#216
post #16
post #12

Earlier quoted context omitted.

The new corporations are about efficiencies they are not paternalistic as their post-war incarnations. The situation is unfortunate but HP Enterprise Services has a goal of 60% off-shore workforce ( http://finance.yahoo.com/news/meg-whitman-hp-offshore-60-224... ). That would mean HP is going IBM route even though IBM got wacked big time.

What was IBMs service offering? I'm not very familiar with the industry. The joke is, my father "gets paid to drive" because he's always in his car. Probably... 65% of the time he's in his car, 30% onsite, and 5% at the home office. Can't offshore that, or can you?

They really, really try. Back when I was an AS400 jockey they started the transition. It went from having a guy on-site whenever we needed anything to having someone on the phone walking someone (usually someone unsuited for the task) through a debugging process.

Re: HP to cut 25-30k jobs

#217
post #8

My father is a field-service engineer for HP in Midwest (based out of Minneapolis, but he has calls all over from Fargo, ND to Mpls, MN to Madison, WI). He is _the_ go-to for their biggest, most senior, most mission-critical clients. He put together UMN's Alpha setup, is the only guy that USPS will call for help, MNSCU, Best Buy, UHG... basically, anyone with an HP setup (server or printer) that's a Fortune 1000 (and…

I am sorry if this question comes of as naive. Is the medical cost so high that it can only be covered with an insurance? Would a small amount of savings set aside for this purpose be viable in case somebody loses their medical insurance? Also would you not be able to take your own medical insurance which is independent of the company you work for? I am just trying to understand how the medical system there works. I…

As it's been stated, the problem is that insurance negotiates a lower rate, in addition to helping pay for it.

Example: I needed a sinoplasty/septoplasty. The procedure was $26k if I was uninsured. My insurance company had negotiated the procedure to $4k. I owed 10% of the procedure cost at $400. This is for a minor outpatient procedure. So, losing insurance means paying 6500% more for healthcare in this case.

Re: HP to cut 25-30k jobs

#218
post #37

What do you all think a company like HP should do when they (finally) realize that they're overstaffed by a big number like 20%, 30% or 50%? One thing I realized working for a huge company and comparing that with my time at their much smaller competitor was that organizations in huge companies become hyperspecialized. This is great during the good times, because everyone is able to squeeze out that last 5% of perform…

> What do you all think a company like HP should do when they (finally) realize that they're overstaffed by a big number like 20%, 30% or 50%?

Fire the person(s) responsible for letting things get that bad.

Re: HP to cut 25-30k jobs

#219
post #23
post #8

My father is a field-service engineer for HP in Midwest (based out of Minneapolis, but he has calls all over from Fargo, ND to Mpls, MN to Madison, WI). He is _the_ go-to for their biggest, most senior, most mission-critical clients. He put together UMN's Alpha setup, is the only guy that USPS will call for help, MNSCU, Best Buy, UHG... basically, anyone with an HP setup (server or printer) that's a Fortune 1000 (and…

Your dad needs to think about the next best 5 guys, and how to pick them up for cheap when the layoffs happen. At his age striking out on his own will seem absolutely terrifying. Work on him for a few months. He must have built up some serious contacts over the years. His pitch is straightforward. HP can't actually support their products anymore, they don't have the staff. He knows the hardware inside and out. Sell s…

This is very similar to what my father did around the same age, though in a different field (construction). The company he was VP at went into Chapter 11, he took a few of the people who worked for him, started a small company, and took over all their contracts (this was done amicably, they even rented equipment from the company). He did very well.

Re: HP to cut 25-30k jobs

#220
post #52
post #19

Earlier quoted context omitted.

The amazing coverage they have is barely cutting it. He pays pennies on the dollar for the coverage they get. I can't imagine it would be like this at all on the exchange.

If his employment does end, he can do COBRA for 18 months (although he'll lose the employer contribution of course). Afterwards, ACA guarantees that a plan will be available. Depending on the state, you may be able to even get a quick quote online to get an idea of what the cost would be today.

You don't need to go on COBRA and exhaust its benefits before signing up with the ACA. IMHO, the only reason you would want to sign up for COBRA is if you or a family member are undergoing care at a hospital and you don't want the continuity of that care interrupted.

The ACA is going to be far less expensive than COBRA . If you are on COBRA and the company declares bankruptcy, you lose COBRA and must sign up for the ACA.

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