Town Square

Post a New Topic

HP to eliminate 2,000 more jobs

Original post made on Sep 11, 2012

Silicon Valley computer and printer giant HP will cut about 2,000 more jobs than previously announced, according to a Sept. 10 filing with the Securities and Exchange Commission. The company expects to shed 29,000 jobs by October 2014, according to the quarterly filing. ==B Related story:==
• [Web Link HP may cut up to 35,000 jobs, reports say]

Read the full story here Web Link posted Tuesday, September 11, 2012, 10:34 AM

Comments (7)

Like this comment
Posted by Sabrina
a resident of The Crossings
on Sep 11, 2012 at 2:43 pm

Horrible. In the midst of an economic crisis with good estimates of 20 million unemployed, underemployed, or looking for work this is the gift Meg Whitman has to offer "her people." So the private sector's "job creators" are going to pull us out of this crisis? Really?

Like this comment
Posted by James
a resident of Whisman Station
on Sep 11, 2012 at 3:15 pm

Ironically, had government employment risen like it did at the beginning of the Bush administration, the economy would be in better shape. Public cutbacks at all levels is killing demand.
Web Link

Deficits don't matter when there is this much slack in the economy.

Web Link

Be sure to read the third to the last paragraph if you think we can't afford to put people back to work.

Like this comment
Posted by HP retiree
a resident of Sylvan Park
on Sep 11, 2012 at 4:57 pm

Blaming Meg Whitman? Not a fan of hers but she inherited the mess created by the 3 previous CEO"s all discharged Carly for poor results, Hurd for bad behavior and LeoA for incompetence; all with huge payouts.

The real blame goes to the HP board that split the company in two in 1999 (Agilent-HP)then proceeded to name a string of outsiders as CEO, starting with Fiorina who attempted to fashion herself into HPs first celeb CEO.. For 60 years the company survived through good and bad times, then was driven into the ground in 10 years.

Bill and Dave must be rolling in their graves.

Like this comment
Posted by Old Ben
a resident of Shoreline West
on Sep 12, 2012 at 4:53 am

Just wait: reality is just starting to catch up with this Valley.

Hubris, meet Nemesis.

Like this comment
Posted by Look At All Data
a resident of Cuesta Park
on Sep 12, 2012 at 9:28 am

Old Ben, have you ignored all the news about local tech companies doing well and growing? Its tough to claim we're headed for Flint Michigan status when employment and growth are increasing for most local tech companies, but I guess when anecdotal info like this one or a few others pops up now and again, its your only chance to proclaim "The end is near"

Like this comment
Posted by USA
a resident of Old Mountain View
on Sep 12, 2012 at 11:51 am

HP has been in a tail spin for years. I am not sure what anyone could have done to help that lumbering old company.

Like this comment
Posted by Bill
a resident of Willowgate
on Sep 13, 2012 at 10:53 am

I was sad to see HP dump their iPad competitor. It seemed to be really good and could have possibly given the iPad some competition. From what I've read, people are not spending as much money on personal computer desktops as they used to. It seemed like a step for HP in a new promising direction. It got killed before it even had a chance. With HP's famous system support group, perhaps they could have made a foray into healthcare or other big industries.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Coming soon: Fire Oak & Barley in Palo Alto
By Elena Kadvany | 5 comments | 2,704 views

Meditation Before Medication for Better Mental Health
By Chandrama Anderson | 11 comments | 1,695 views

The Saddle Room – A True Friend of Kids
By Laura Stec | 2 comments | 1,494 views

July 27th: Colleges That Change Lives are Coming
By John Raftrey and Lori McCormick | 3 comments | 1,435 views

Radical Acceptance
By Caroline Fleck | 0 comments | 131 views