Feeds

HP prints up thousands of severance packages

Hurd this before

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Some things never change at HP, regardless of the highly-paid hood ornament listed as CEO. So we learned this week as word leaked out that close to 2,000 workers have taken voluntary severance packages and left the company.

HP began offering the packages back on April 1 - the start of new CEO Mark Hurd's rule. Staffers in the US and Puerto Rico were given between five and 14 months of pay, depending on their length of employment at HP. Most of the employees who accepted the deals worked in the printing and imaging divisions in Idaho, Oregon and Washington.

Hurd is well acquainted with using severance packages as a long-term cost-cutting move. At NCR, "very senior people" were offered packages to leave en masse according to a former employee, while other managers were hit with massive pay cuts.

"There was a huge exodus after that," the ex-NCR staffer told The Register.

Hurd's predecessor Carly Fiorina was infamously known as the pinkslip princess for the countless waves of layoffs that took place during her time at HP.

The moves at HP have already rattled people living in Boise, Idaho - the home to much of HP's printing work.

"I am dreading this news," Sally Field, a worker at a child care business told The Idaho Statesman. "We have a lot of wonderful HP families."

The paper said a number of the former HP staffers have already put their houses on the market. Local observers also noted that many of the employees were older people with families and not young, single staffers - making their loss of a job especially damaging.

HP has yet to return our calls seeking comment. ®

Related stories

Sun critic trades up on Wall Street
HP becomes EMC software reseller in $325m settlement
NCR's Q1 goes the way of the Hurd
Sniping bloggers can keep America safe from terrorists and cats!

Next gen security for virtualised datacentres

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?