Feeds

HP prints up thousands of severance packages

Hurd this before

  • alert
  • submit to reddit

Build a business case: developing custom apps

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!

Secure remote control for conventional and virtual desktops

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.