HP confirms layoffs of 27,000 team members

HP has now confirmed that the PC maker will be laying off a large fraction of its team members. The company announced today that it will be sending 27,000 of its employees out to find another job. That number represents about eight percent of its total workforce; a few days ago, rumors had HP laying off 25,000 team members.

The layoffs won't come all at once. HP said that it will take up to October 2014 to complete the layoffs. The company claims it will save $3.5 billion with this move; some HP workers will be given early retirement offers.

In a separate press release, HP announced that for the first quarter of 2012, it generated revenues of $30.7 billion for the three month time period. That's compared to $31.4 billion in revenues for the same time period a year ago. However, those numbers actually beat estimates from financial analysts.

The company is still trying to recover from its dismal 2011 (HP TouchPad, anyone?). Former eBay head Meg Whitman was brought in as HP's new CEO and President in September 2011 to try to set things right. The company is hoping Windows 8 is a big hit for not just its desktops and notebooks but from a new tablet lineup; we posted up a rough render of such a Windows 8 tablet from HP a few weeks ago.

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23 Comments

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Hopefully they'll lay me off, bored stupidless at work - Could do with a bit of redundancy money! But will never happen boo

I searched briefly... every year, they've been laying off tens of thousands of folks. Although the news seems staggering, they've just been hiring more idiots then firing them. If they don't announce the layoffs as a corporate mandate, then they'd have to pay proper severance packages to all full-timers and properly justify their terminations.

Ahh, corporate politics. They've been laying off THOUSANDS every other year, yet they seem to have a larger workforce every year!

HP needs to send out a notification to all those people being laid off that is they have a child support obligation, they can get free help from the state to have the order modified, and that they need to make the official request right away, as it can take up to a year to get a hearing. This is a right they have under the 1988 Child Support Enforcement Act, and is detailed in the Federal Child Support Enforcement Handbook for Non-Custodial Parents. Unfortunately, the states refuse to distribute the handbook, which is free from the feds. Here is the material from it.
http://ChildSupportRights.org

meh - everything they make is utter crap - wish they would go away along with Acer & all the other bottom feeders

Printers are still good though

TEX4S said,
meh - everything they make is utter crap - wish they would go away along with Acer & all the other bottom feeders

Printers are still good though

Beg to differ regarding their printers - at least the quality of their drivers is as crap as 1999.

Denis W said,

Beg to differ regarding their printers - at least the quality of their drivers is as crap as 1999.

Honestly their printers are still the best around, drivers are simple and easy, at least compared to the crap that is Epson and Canon, and I don't even want to mention brother, whose wireless driver can break and require either a full reinstall to get to work again, or if you're lucky a system restore....

As for the quality of their other stuff, they still make really great PC's their low end PC's are just that of course, but they're still far better than the low end crap from Acer.

and they are at the top of the list of least faults per 1000 units. or that is they should be if they list didn't count the last 5 years. the old DV6000/9000 series graphics card problem(which was actually nvidias fault anyway, and HP handled it great with service notes offering free service for over 5 years) is still plaguing them and dumping them on the stats.

HawkMan said,

Honestly their printers are still the best around, drivers are simple and easy, at least compared to the crap that is Epson and Canon, and I don't even want to mention brother, whose wireless driver can break and require either a full reinstall to get to work again, or if you're lucky a system restore....

As for the quality of their other stuff, they still make really great PC's their low end PC's are just that of course, but they're still far better than the low end crap from Acer.

and they are at the top of the list of least faults per 1000 units. or that is they should be if they list didn't count the last 5 years. the old DV6000/9000 series graphics card problem(which was actually nvidias fault anyway, and HP handled it great with service notes offering free service for over 5 years) is still plaguing them and dumping them on the stats.

Wasnt HP just outed for purposely putting less ink into the cartridges.

I have a Canon MX850, works perfect and ink lasts for a year for me(tho thats subjective to everyones use)

I think in the end tho, from what Ive heard from alot of ppl, that Brother printers tend to be best.

Beyond Godlike said,

Wasnt HP just outed for purposely putting less ink into the cartridges.

I have a Canon MX850, works perfect and ink lasts for a year for me(tho thats subjective to everyones use)

I think in the end tho, from what Ive heard from alot of ppl, that Brother printers tend to be best.

Agreed, my Canon printer was pretty decent with ink usage. My HP printer (for the record, the same one I got thanks to Neowin years ago) chews through ink like a drink. Smaller ink cartridges don't help.

On top of that their drivers for wireless printing gave me much grief. I've said as much about this topic on the forums.

TEX4S said,
meh - everything they make is utter crap - wish they would go away along with Acer & all the other bottom feeders

Printers are still good though


Their printers may be good, but you'll have to buy a new one with each new release of a major Operating System; as driver support won't be there.

HawkMan said,

Honestly their printers are still the best around, drivers are simple and easy, at least compared to the crap that is Epson and Canon, and I don't even want to mention brother, whose wireless driver can break and require either a full reinstall to get to work again, or if you're lucky a system restore....

As for the quality of their other stuff, they still make really great PC's their low end PC's are just that of course, but they're still far better than the low end crap from Acer.

and they are at the top of the list of least faults per 1000 units. or that is they should be if they list didn't count the last 5 years. the old DV6000/9000 series graphics card problem(which was actually nvidias fault anyway, and HP handled it great with service notes offering free service for over 5 years) is still plaguing them and dumping them on the stats.

Are you f-ing kidding me ??? HP is ALWAYS the worst in warranty repairs & fails / 1000 - ALWAYS.

KillTheIrishman said,
Corporate greed at its best.

Remember when the CEO was seen with a macbook as his 'normal laptop'? Yeah

n_K said,

Remember when the CEO was seen with a macbook as his 'normal laptop'? Yeah

actually that was chairman of the board which is just the representative of the investors..

KillTheIrishman said,
Corporate greed at its best.

Cutting 8 percent of their workforce is not that huge.. If you look at the numbers they are cutting 8 percent of their work force but also cutting 3.5 billion dollars in costs.. These people were costing HP more then they were making from them.. Its not corporate greed its just using your brain.. They still employ over a quarter of a million people.

KillTheIrishman said,
Corporate greed at its best.

Yeah, it's way better to keep them around so that next year they need to send off 100% of their workforce to find a new job

yeah corporate greed. sometimes you need to trim the fat to stay alive. and these people will all be given generous severance packages, depending on where in the world they live and a lot of them will be given early retirement, and I suspect a lto will also simply be outsourced or be sold off as unprofitable sub companies that may be dvided off to live on their own or sold.

yes, it sucks when a lot of people lose their job, but it's sometimes a necessity.

KillTheIrishman said,
Corporate greed at its best.

Not to mention the lack of driver support, ineffective/inaccurate download web site, and unresponsive CEO communications to (now) former users.