HP Inc to cut up to 4,000 jobs over next three years

Reuters ^ | 10/14/16 | Rishika Sadam

[DoodleDawg]

Mentioned almost as an aside in this story about how a profitable company is laying off an additional 4000 workers is the fact that HP is upping its quarterly dividend and adding an additional $3 billion to their stock buy-back plan, all in order to keep share prices up.

So when President Trump slashes business taxes and cuts regulations, what will prevent corporations from using the savings for stock buybacks, dividends, or acquiring other companies and laying more people off rather than using it to create more jobs?

[servantboy777]

An addendum to this story, HP has planned to shift full time employees into contract labor positions.

Lower pay, paltry benefits/if any, no vacation, no severance if laid off, no seniority.

Scoundrels!

[KC_Conspirator]

Ah, the Obamaeconomy continues.

[impimp]

A business’s main objective is to make profit for its shareholders. The purpose of a business is not to create jobs.

[DoughtyOne]

Look at the 80s. Reagan dropped taxes. There were many mergers. Numbers of job went way up. Governmentk, revenues went way up.

[Reno89519]

And how many of these 4K Americans will be replaced with cheap foreign labor either here or overseas?

[556x45]

What used to be a great company is now most irrelevant and speeding toward obsolescences. That’s due in large part to its upper management..like Carly.

[wally_bert]

Their crap printers will get even worse.

[indthkr]

HP has been a dead brand for years.

It needs to be put out of it's misery and buried.

[DoodleDawg]

A business’s main objective is to make profit for its shareholders. The purpose of a business is not to create jobs.

So then why do people say that cutting taxes and regulations create jobs? It creates more profit, which may or may not translate into more jobs.

[DoodleDawg]

Look at the 80s. Reagan dropped taxes. There were many mergers. Numbers of job went way up. Governmentk, revenues went way up.

That was also forty years ago. Before technology made it possible to offshore services and manufacturing. It's a different economy now.

[DoodleDawg]

And how many of these 4K Americans will be replaced with cheap foreign labor either here or overseas?

My guess is that most of them will be.

[DoodleDawg]

Ah, the Obamaeconomy continues.

You really think it was a lot different under Bush or Clinton? Or would be any different under Trump?

[PLMerite]

"HP Inc to cut up to 4,000 jobs over next three years"

?

[jonose]

No jobs will be replaced, just more will be let go.
Hp Inc won’t last a year.
iPads, surface, and Byod have killed laptops/PCs.
Email, cloud sharing of PDFs have killed printing.
Heck, even boarding passes aren’t printed!

[KC_Conspirator]

Yes. He has run an economy for 8 years. Its been a loser and he is to blame.

That being said, Hewlett Patel can go suck it with the H-1b madness and there are plenty of cheap labor express people on both sides selling the American IT worker down the Ganges.

[Fiddlstix]

Thanks To Carly

[bgill]

Fine by me. HP can go belly up. Good riddance.

[stocksthatgoup]

Carly to the rescue.. /s

[DoughtyOne]

Trump has been addressing this all year. You missed it?

He is looking to renegotiate trade deals so that there is a level playing field. He is looking to reduce taxation so that Corporations can bring trillions back to the U. S. without losing it. He is also talking about increasing tariffs so that it isn’t as enticing to move off-shore.

As for electronic improvements, it’s time to shame companies that move off-shore. Let the corporations deal with Americans who don’t appreciate being attacked just because they want a job.