Mark Hurd to employees, November 24th : "We will take aggressive action on discretionary spending…And we’ll implement a number of cost saving initiatives that are going to be tough and that some people aren’t going to like…"
And now, the list of actions on "discretionary spending" :
- There will be no salary increases, except where legally required
- EAwards are suspended
- Comprehensive benefit reviews are continuing on a country-by-country basis to harmonize HP and EDS offerings based on market practice.
- Recognition and learning & development programs are also affected
...
And now, the list of actions on "discretionary spending" :
- There will be no salary increases, except where legally required
- EAwards are suspended
- Comprehensive benefit reviews are continuing on a country-by-country basis to harmonize HP and EDS offerings based on market practice.
- Recognition and learning & development programs are also affected
...
If they also mess with the VPB after HP's best year on record then many of us will certainly start talking with our feet. Does anyone have visability of VPB yet?
RépondreSupprimerI heard from some it's going to be good and from others saying don't expect much. Hurd keeps saying VPB is the place to reward employees, he better not f##k this up too.
BTW: In the UK we have also been told to cancel any christmas events, even if they have been paid for in advance.
Mark,
RépondreSupprimerI’m sorry but I really feel the need to speak out after yet another demoralising message from HP, made even worse by the smiling face attached to it!
This comes hard on the heels of a message from Steve Gill about cancelling Christmas events…….the name Scrooge springs to mind.
In the scheme of things how much money will that save, compared to the effect of demoralising the work force even further? It’s very short sighted in my opinion.
Our commitment and support as employees (of this once proud people company) would be a lot greater if HP stopped reducing our benefits year on year and gave us a pay rise now and then to reflect the good work done by its employees, rather than the ‘thanks for your efforts and continued support’ we get, when helping make this company millions of dollars in profits, which we see none of these days!
Working as one motivated team pushing the company forward, when all we get is continual demoralising news week on week is very difficult, especially when it is not reflected in the company’s year on year performance. Receiving continuous messages telling us how well the company are doing and the profits being made, I, and others, find it extremely insulting to then be told the sort of information contained in Ann and Steve’s emails.
HP is continually chipping away at all the employee benefits built up over the years by Bill and Dave and for what?
More market share!
Another cent on the share price!
Quite frankly when will we have enough market share? Is there an optimum number that will suffice or will HP not be satisfied until it has 100%? How many more companies does HP have to take over making thousands of hard working employees redundant in the pursuit of market share? Not to mention outsourcing to third world countries on the pretence it’s all in a good cause and not merely for monetary gain!
Bill & Dave would be mortified to know that HP has finally become ‘A Selfish Capitalist’….
I used to look forward to coming to work every single day and would love every challenge that was thrown at me with relish and perform to my best ability for this company. I used to jump out of bed to get to work and would work my butt off; putting in whatever hours it took to get the job done. Can I still say the same holds true today? NO!
Why, you might ask did I use to be this way and what has changed?
Simply because we had great respect for Bill and Dave and what they had built as a company and we were proud to say we worked for HP and treasured our jobs within this once great organisation. It was our family!
That has all but been torn down, with remnants remaining here and there, which are also being gradually eroded. When asked about working for HP in the past I used to sing its praises and people used to be in awe of anyone who was lucky enough to work for HP. Nowadays, my response is, ‘It used to be a great company to work for, but’ and I find myself going through a continually growing list of reasons why it’s not that great to work for anymore. And this message from Ann just reinforces that continuous demoralising theme
Where would HP be without its hard working loyal people?
Regards
xxx
UK