Subject: General Tech | September 19, 2015 - 07:10 PM | Scott Michaud
Tagged: layoffs, hp inc, hp, hewlett-packard enterprise
As we reported a while ago, Hewlett-Packard is planning to split into two. The move will separate the consumer products into “HP Inc” and enterprise products into “Hewlett-Packard Enterprise”. This makes sense, because enterprise clients know the full name, but many consumers probably do not. At the time, it was expected to result in 5000 jobs lost, resulting in 55,000 since the upper management focused on cutting expenses. Now, about a year later, and right before the split happens, we find out that 5000 is now well over 30,000, bringing the 55,000 figure to between 85,000 and 95,000.
Image Credit: Wikipedia
These are fairly severe cuts, but it depends on how you look at it. A typical corporate restructure is around 10% of employees as a rule of thumb. If you count the slow, rolling job cuts as a single restructure, then the Hewlett-Packard Company has cut about 25% - 30% of their workforce, albeit offset by some hiring and rehiring that naturally won't be reported on as much as cuts.
If you look at this deal as a single restructure however, then it is between 10-15%, which is somewhat normal. Personally, I would say that this is the slightly more honest way of reporting on the issue. These cuts are on the severe side, but I don't think it spells trouble for the companies (although it is terrible for the employees).
Subject: General Tech | April 16, 2015 - 04:04 AM | Scott Michaud
Tagged: take-two, layoffs, 2k games, 2k australia
UPDATE (April 16th, 4:12pm EDT): Within an hour of publishing, IGN received a statement from 2K Games confirming the studio closure. Thanks to Penterax in the comments for the tip.
According to a tip sent to Kotaku Australia, and currently no other source, 2K Australia has been closed down. The studio is most recently known for Borderlands: The Pre-Sequel, but they have also contributed to all three BioShock titles and, when they were a formal division of Irrational Games, worked on SWAT 4 and Tribes: Vengeance. And yes, it is very tempting to call it “Police Quest: SWAT 4”.
At the time of writing, we are still waiting on an official statement from 2K Australia or its parent companies, 2K Games and Take-Two Interactive. The source claims that all staff members will lose their jobs and the entire studio will be closed. There are also not too many alternatives in the continent. EA has a subsidiary that develops mobile titles, Firemonkeys Studios, which has about 60 employees. They are about 400 miles away from where 2K Australia was though. A Google Doc is being maintained with many prospects, although about half of the openings are in North America and New Zealand.
Subject: General Tech, Systems | October 6, 2014 - 11:27 PM | Scott Michaud
Tagged: restructure, layoffs, hp inc, hp, hewlett-packard enterprise
HP's restructure initiative has been ongoing for years, leading to tens of thousands of layoffs. This occurred in several phases, with low-margin businesses grouped alongside highly profitable ones. Originally, HP considered spinning off PC devices but later paired it with its highly profitable printing products.
Today, HP announced plans to split into two companies: HP Inc., the aforementioned PC and printing division, and Hewlett-Packard Enterprise, which will handle servers, networking, and other infrastructure as well as enterprise software and services. Shareholders will receive stock in both companies in an "intended to be tax-free" transaction. Obviously, that may vary by jurisdiction.
The reasons are fairly straight-forward. Print and PC are not heavily growing markets, especially not compared to their enterprise division. These two companies are roughly equal in size, so separating them highlights each side's strengths and weaknesses, and allows new investors to bet on one without giving money to the other. While Hewlett-Packard Enterprise is expected to be the higher-growth company, HP Inc. is expected to get into 3D printing as a consumer service. It will also inherit the logo, likely because it is something that consumers still identify with.
Current CEO, Meg Whitman, will be CEO of Hewlett-Packard Enterprise and Chair of HP Inc.
The "transaction" for shareholders is expected by the end of FY15. It will also align with the loss of 5000 jobs, resulting in 55,000 layoffs since Whitman joined the company. I have yet to hear anything about where these cuts will occur.
Subject: General Tech | November 29, 2012 - 07:20 PM | Ken Addison
Tagged: vector, ssd, socket, podcast, ocz, LGA, layoffs, Intel, Indilinx, BGA, amd, 3550p
PC Perspective Podcast #228 - 11/29/2012
Join us this week as we talk about Intel Socket Controversy, a new OCZ SSD, GPU-less Ivy Bridge and more!
The URL for the podcast is: http://pcper.com/podcast - Share with your friends!
- iTunes - Subscribe to the podcast directly through the Store
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- MP3 - Direct download link to the MP3 file
Hosts: Ryan Shrout, Jeremy Hellstrom, Josh Walrath, and Allyn Malventano
Program length: 1:22:57
Podcast topics of discussion:
- 0:01:20 Never Settle Contest Part 2 is running!
- Week in Reviews:
- 0:40:30 This Podcast is brought to you by MSI!
News items of interest:
- 0:41:30 Intel Broadwell goes BGA Only; Desktop is dead?
- 0:56:00 More AMD Layoffs coming?
- 0:58:45 Intel CEO is leaving too
- 1:00:00 Western Digital 4TB Black HDD
- 1:02:00 Fujifilm working on 1TB optical discs
- 1:06:00 Jon Peddie Q3 GPU Results
- 1:08:00 Microsoft sells 40 million Windows 8 licenses
- 1:09:45 Rumored 'Blue' Subscription based Windows OS
- 1:12:00 Intel Updates SSD Toolbox, 335 Firmware
- 1-888-38-PCPER or firstname.lastname@example.org
- http://twitter.com/ryanshrout and http://twitter.com/pcper
Subject: Editorial, General Tech, Graphics Cards, Processors | November 17, 2012 - 09:09 PM | Scott Michaud
Tagged: layoffs, amd
Personally, I am starting to get numb to AMD restructuring news -- and that is never good.
Less than a month ago we reported on the semiconductor design company’s decision to cut 15% of their workforce. The company still has life in it and has a respectable presence in all upcoming videogame consoles along with its inclusion within many consumer laptops and desktops but it is clearly not as much life as they need.
Original rumors stated that cuts could be on the order of 10-30% which 15% would be on the lighter side of. With rumors of more cuts coming in January I wonder if this was a last minute decision to break up the layoffs into two less dramatic installments.
One of the beauties of the tech industry is the low cost of starting or turning a company around; it would be irresponsible to completely count out a player while it still has access to millions of capital. AMD is also sitting upon lots of assets which could be liquidated and their employees have ridiculous talent to be employable elsewhere. I have been noticing that most chatter about the topic is not based in concern with AMD and their employee’s future but with concern about an x86 competitor to Intel.
This is pretty much the same concern which I have been having about Windows 8: the house of cards may be standing but it is still a house of cards. We rely upon the proprietary standards which Intel and others impose upon the art, the word being used both in literal and “artisan / practical art” contexts which includes utensil applications.
Concern mounts but practically no-one grafts it to similar instabilities in other platforms.
No I am not saying abolish technology patents or anything like that: I am simply saying that this is yet another drop in the torrent of concerns with content upstream to proprietary platforms.
These issues rightfully cause alarm but are not isolated events.
Subject: General Tech, Processors | November 4, 2011 - 12:22 AM | Scott Michaud
Tagged: layoffs, amd
We have been discussing AMD’s condition and future outlook over most of recent memory. Since the lawsuit versus Intel and the subsequent trying by the Big Blue Giant: AMD’s apparent jab-haymaker combo of lawsuit-Sempron to push heavily in the consumer market seems to have been mostly dodged and countered by Intel. While this last quarter has been positive there is little time for positive press; AMD has, today, removed 1400 employees from their company.
There was a time that AMD said they could beat anything Intel could throw at them.
That means that what AMD is releasing now is as-good or better than where they thought CPUs would be.
Food for thought.
It is not very uncommon to see layoffs during restructuring in the 10% range when a new CEO enters a company. The sad part of restructuring is that there is often little consideration about which employees comprise that 10%; rather, their job descriptions. These layoffs in isolation do not say much about AMD’s health in the upcoming time but should tint in one way or another how to perceive their upcoming actions. Where the future is positive or negative depends on how this ties into that.