Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
In the News Hard to believe, but articles are popping up at business websites claiming that venerable Hewlett-Packard may fail. In their most recent fiasco, HP wrote off a loss of $8.8 of their $11.1 US billion acquisition of Autonomy and have alleged fraud in the deal. Revenue is down 7% from a year ago and the stock has hit a 10-year low. The company is laying off 27K employees but that may not be enough. Some speculate HP might be broken up into parts with buy-outs involved. This article from last May offers a good in-depth analysis of how all these problems came to pass.
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Actual HP employee
by akro on Sat 24th Nov 2012 05:44 UTC
akro
Member since:
2005-07-06

So I am an HP employee. the reality is HP has become too big and we have had previous CEO's try to grow through acquisition. While wall street and the amateur techies see HP as a consumer computer company the serious IT folks see the enterprise side of the business.

The consumer side is a mess. Although I think the quality issues have been getting better the problem is that HP consumer products are a race to the bottom unless you can command a premium based on brand like Apple.

Enterprise is a different story.... number one in x86 server shipments for like 60+ quarters, HP Storage is doing better with the 3Par acquisition and becoming a real competitor on the network side of the house. HP software and services are a bit wacky because of the EDS and Autonomy acquisitions and well there is still a lot to do as far as integration on those two fronts.

Honestly the layoff coming are necessary. We have bulked up because of the acquisitions and we can't support the company at the size we are today, it does suck though for 29K people. Product road maps are starting to look a little more promising as we seem to be recovering from where Mark Hurd hurt us the most.

Morale is really the biggest issue...All the negative news really make me second guess my thoughts on staying as it just wears you down after a while, however I am starting to feel a little hopeful we will turn this around, hopefully before Oracle or some other company buys us.

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