Hewlett-Packard Layoffs Climb to 29,000; Aiming For 120,000 Over Past Decade

When it comes to Hewlett-Packard and layoffs, nothing shocks me any more. So, it’s tempting to react with a big fat yawn to the news the company has increased the estimate of its latest round of layoffs to 29,000 from 27,000.

Employees would, I guess, have somewhat mixed feelings about this. During the last earnings call, executives revealed that they had been surprised when a larger-than-expected number of employees were accepting the company’s offer of early retirement.

Seems they can’t find the door fast enough.

All this said, the big number continues to astound me. As I wrote last Spring, before HP announced the latest restructuring this spring, the company had announced layoffs of 93,105.

“Could they top 120,000?” I wondered. If the latest number holds, then yes, yes they can! A staggering number of a company that remains relatively financially healthy and profitable over that time. Nobody is holding a gun to HP’s head making them do this to avoid insolvency.

What is less clear is whether continuing to embrace a non-stop policy of constant churn — hire, fire, repeat! — is going to lead this company back from the edge.





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  • If Meg Whitman would have been California’s Governor_ you would be reading about how California laid off twice that number of people_ this is all becuase of Meg Whitman_ start with getting rid of her – and save thousands of peoples jobs_ it’s not like all she does is wait for the biggest politician name to come into town and buys a ticket to be in the loop_ “Nice to be in the loop!” – nice to know commercials don’t get you elected_ and money can’t buy love and votes – not in California.

  • Vivvy

    Let the chips fall where they may.