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Leaving HP or HPE -- Layoff, WorkForce Reduction, WFR, EER, Enhanced Early Retirement, or otherwise.
Member-supported, independent association operated by former employees. To receive updates and ask questions on our Benefits and Finance forums: Join HPAA at no charge by sending an email.
Advice from HP/HPE alumni who have gone through past cycles -- including actions to quietly take now, even if not expecting to leave:
1. Read: What I wish I had known before layoff, retirement, or leaving -- based on input from dozens of HPAA members.
2. Use the HPAA's Career Checkup -- Advice from members on evaluating your situation.
3. Print -- and start using -- the HPAA's ASAP Checklist. Member advice on what to do before losing access to company systems -- and in the following few weeks. Supplements the official checklists.
4. Whether leaving or not, discreetly untangle your personal business from your employer's IT systems. (Perhaps your Earnings Statements, annual W-2, and other vital communications are going to a company email address that you will lose.) Takes several months. Based on member reports: Moving your personal business
5. Update and strengthen your LinkedIn profile. Even if not currently looking for a job, you need a strong, credible LinkedIn profile. Reconnect with people who know you and your work. Be found by recruiters. Strengthen your profile to be found by recruiting bots. Profile changes have been made without notification, making some look fake. hpalumni.org/LinkedIn
6. Members recommend spending most of your job-hunting time searching outside the company -- you are a stronger candidate while still employed. Very few members report landing during their "redeployment period" -- losing critical time and wasting energy on discussions that end abruptly without explanation. Job Hunting
7. Watch "Job Searching for the Mature Worker" -- HPAA video with pragmatic, actionable advice. (Not the usual motivational fluff.)
8. Menu: Pension and retirement plan topics for HP, HPE, EDS, and DEC alumni.
9. You may now have stock in HP, HPE, Agilent, Keysight, or DXC in various accounts – and may not have received cash payouts for Micro Focus and Perspecta. Due to spinoffs and splits, current cost basis depends on when you acquired each block of shares. Members have found that plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS. Stock Recovery and Cost Basis
Ask questions. The HP Alumni Association is a member-supported, independent association for former employees of HP and HPE -- and those in the process of leaving. Online forums with member Q-and-A discussions on details of EER, WFR/Layoff, COBRA, retiree health benefits, transition to Medicare, stock, 401(k), pensions, and other financial issues. Simply send us an email. No charge, thanks to HPAA's Supporting Members
Question? Email: info@hpalumni.org (Will be kept in confidence.) (Feb 3, 2024)
Helping each other with life after HP and HPE: Website Index Forums
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