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HPI Employment Issues

(Updated August 31, 2017.)

After the printer business "...HP did not produce another truly breakthrough new business."  Becoming Hewlett Packard  https://www.amazon.com/dp/0190640448 (page 351)

"...how do you keep up with this next generation of IT and how do you bring people into this company for whom it isn't something they have to learn, it is what they know." Meg Whitman

"...we need to return to a labor pyramid that really looks like a triangle where you have a lot of early career people who bring a lot of knowledge who you're training to move up through your organization, and then people fall out either from a performance perspective or whatever... we put in place an informal rule... when you are replacing someone, really think about the new style of IT skills." Meg Whitman, Sept 2013, CEO of HPE, DXC board member, and former chairman of HPI.

"...eventually you will wear out. Not many people can last for twenty or thirty years, which is why we need to attract young people." Antonio Neri, now HPE president. Quoted in Becoming Hewlett Packard  https://www.amazon.com/dp/0190640448 (page 311)

The legally-required Attachment A provided to those 40 or over covers many possible reasons for layoff: "Employees were selected for the reduction in force because the job they were performing will no longer continue, their skill set was not applicable to the Company’s or organization’s operations going forward, and/or other employees were viewed as better qualified because of past performance and competency evaluation, which may include skills, abilities, knowledge and experience."

US: If you left HP, HPI, or HPE in May 2012 or later -- and were paid under a WFR, EER, etc. program -- you ineligible for rehire or to be engaged as an agency contractor. "It is important for [HPI; HPE]... to keep its commitment to current employees to invest in their careers by creating opportunities for growth and promotion." Details

"The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives." Typical SEC filing

Find out what the company is telling Wall Street about employment prospects and strategic issues that will affect your career. Read the transcripts of the quarterly analyst conference calls -- especially the Q-and-A sections. http://h30261.www3.hp.com/news-and-events/hp-investor-events/past-events.aspx

Key quotes: 

"Approximately 3,000 employees exited by the end of fiscal year 2016... HP expects between 3,000 and 4,000 employees to exit by the end of fiscal year 2019." SEC filing August 31, 2017

"...this restructuring program is a three-year program..." Cathie Lesjak, HPI CFO:
Q2 Earnings Call, May 24, 2017. http://h30261.www3.hp.com/~/media/Files/H/HP-IR/documents/results/2017/transcript/q217-earnings-call-transcript.pdf


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