Hewlett-Packard Co is a very well-known and respected company throughout the world. And why wouldn’t it be? It basically produces top quality gear that everybody enjoys using. But around 25,000 to 30,000 people will not be enjoying HP anymore because they might end up without a job by the end of the year.
HP will drop jobs massively this year and it is not going to be because of greed or insufficient funds. Hewlett-Packard is disbanding and reports from Tuesday have confirmed that that many people will remain jobless. The company is struggling with lowered demands and desperate times call for desperate measures. Sadly, these desperate measures will leave all these people behind.
This is not the first set of job cuts that HP has gone through, however. If we study all the latest cuts, it is easy to see that around 10% of the company’s workforce are gone. Back in 2014, the company had approximately 300,000 employees, but we also know that another 55,000 were sent home not too long ago. So HP is going down. We do not expect it to die, but it is not as strong as it has been.
The official declaration specified that all the cuts are going to be performed at a global level, but insight as to which zones will be affected and when was not given. Perhaps the situation will not be as grim for the employees and they will be notified a few months before so they can make plans about where to go next.
The split of the two companies is bad news for HP Inc, which will contain printer and computer businesses. While the quality of the products is still very good, the great decline in personal computer sales has made HP very vulnerable. Unless the company figures out how to come back on the market in a very strong manner, it might be only a matter of time until it becomes very, very small.
Nonetheless, neither we, nor HP should lose hope. In the constantly evolving market that we live in miracles are always possible. Maybe HP will be able to make a comeback and claim the place it once had. The huge wave of unemployed personnel might constitute a great emotional barrier that needs to be overcome.
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