HP to cut an additional 11,000-16,000 positions from its workforce

In May 2012, HP revealed plans to lay off a large number of its workers from that date to October 2014, and since then it has increased those estimates on two more occasions. Now, the PC and printer company has announced yet another round of layoffs that will affect between 11,000 and 16,000 more team members.

The new layoffs were revealed as part of HP's regular quarter financial report. Two years ago, the company said it would eliminate 27,000 jobs, and in September 2012 it said it would cut 2,000 more workers, bringing the total number to 29,000. In December 2013, it said that it would add yet another 5,000 workers to the chopping block, which bought the grand total to 34,000, at least until today.

Despite a promise by HP CEO Meg Whitman in October 2013 that the company was done with large restructuring moves, today's news means that the company will lay off a total of between 45,000 and 50,000 workers between May 2012 and October 2014. Whitman is quoted in the company's press release as saying she was "pleased to report that HP's turnaround remains on track." However, she didn't promise that there wouldn't be any more layoffs down the road this time.

Source: HP | HP image via Shutterstock

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11 Comments

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Not sure what to put on HP's congratulation cake.

"Meg was a brilliant choice!."

or

"Keep focusing on Chromebooks!"


(HP has just gone from slightly crazy to freaking insane.)

Figure 8 Dash said,
I can't remember the last time I saw a HP product and thought to myself, ''I need that!!!''

I did when a customer brought their new Tablet Laptop with a detachable screen .it was pretty nice.

So, once everything is said and done, how many employees are going to be left?

[edit] There were 317,500 employees in 2013, according to Wikipedia.

Still a significant chunk of its workforce.

_dandy_ said,
So, once everything is said and done, how many employees are going to be left?

[edit] There were 317,500 employees in 2013, according to Wikipedia.

Still a significant chunk of its workforce.

317500 sounds like a pretty excessive number of employees for a business when you consider most of the functions relating to assembling computers, printers etc. are outsourced to the likes of Foxconn.

Well, that's not exactly the case. For one, that is a world wide employee count. Then HP doesn't just make PCs and Printers. There is software, SAN storage, rack servers, blade servers, moonshot servers, etc., etc.. Also, most of that stuff isn't outsourced. The deal with Foxconn was only announced rather recently. HP actually owns factories that build most of its stuff. A significant amount of manufacturing actually still exists in the US.

Then there is the Enterprise services group (formerly EDS), the Technical services, The software group, Autonomy, etc, etc.. it adds up..

*disclaimer* I'm an HP employee..

_dandy_ said,
So, once everything is said and done, how many employees are going to be left?

[edit] There were 317,500 employees in 2013, according to Wikipedia.

Still a significant chunk of its workforce.


Remember the cuts started in 2012, at peak there were over 330,000 employees worldwide.
And yes as Sgt Beavis said HP do a lot more than printers and computers, I work in Technology Servies.

Fairly obvious but I'll put it in to be safe. Disclaimer: I work for HP