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Go Beyond Layoffs to Cut Costs

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Hailey Lynne McKeefry
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Re: layoffs
Hailey Lynne McKeefry   1/31/2014 7:57:33 PM
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@anandvy, I've been watching HP for more than 25 years now...and it feels like the company had a problem evolving as quickly as it needed to. I'm a big fan of the company. They have historically had a strong corporate identity and they made/make solid products. The turnover in the corner offices in recent years though has been challenging.

Hailey Lynne McKeefry
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Re: Layoffs to change and reduce salary structure
Hailey Lynne McKeefry   1/31/2014 7:55:52 PM
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@Eldredge, truly it was very comprehensive. They wanted a list of my current clients with contact names and phone numbers, financial details and more. I understand what htey were trying to do but as an independant contractor it was a real trial... I had to spend several hours doing paperwork and i wasn't getting paid for that time. It felt like because this huge corporation (or other huge corporation) were trying to avoid paying people (or putting in for social security or whatever) that it was costing those who could least afford it (ME!) a lot.

Eldredge
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Re: Layoffs to change and reduce salary structure
Eldredge   1/30/2014 4:11:22 PM
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@anandnvy - I have sometimes wondered why they don't cosider that option as well. Perhaps they are afraid of more pervasive moral issues. But there may be at least some instances ehere that could work.

anandvy
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Re: Layoffs to change and reduce salary structure
anandvy   1/30/2014 7:01:15 AM
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 I have seen more than one situation where a company regretted a drastic talent loss from a major layoff. 

@Eldredge, that is the reason companies should think twice before taking decisions like layoff. In my opinion companies should try to reduce the salaries instead of layoff route.

anandvy
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Re: Layoffs to change and reduce salary structure
anandvy   1/30/2014 6:26:42 AM
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If there is a over production or less business, its the management who must take the blame and take the pay cut or take some off time

@SP, I agree with you. Management usually gets very high salary compared to the engineers hence they can afford salary cut. I think employees should also take salary cut if things dont improve soon.

anandvy
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Re: layoffs
anandvy   1/30/2014 6:16:16 AM
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Layoffs can be just a management decision for the company to keep up the cost of running but for an employee it is quite emotional.

@SP, If company decides to go ahead with layoff then they should make sure that they pay well the employees who are losing their jobs. They should pay atleast couple of years of salary so that it helps them to overcome financial difficulties.

anandvy
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Re: layoffs
anandvy   1/30/2014 6:06:43 AM
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Giving higher salaries to employees increases the consumer purchasing power and it leads to hihger Macro-economic growth.

@apek, isn't it true that higher salaries leads to higher inflation and inflation always acts as a deterrent to the growth.

anandvy
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Re: Layoffs to change and reduce salary structure
anandvy   1/30/2014 4:57:32 AM
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They should also do this at all level, incuding management and higher management level.

@_hm, I think this is done at management level as well. People who work at management level fetch higher salaries and are more susceptible to layoffs.

anandvy
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Re: layoffs
anandvy   1/30/2014 4:55:31 AM
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@t.alex, I agree with you. I think HP failed to capture the tablet market. Moreover the sales of PC is on decline, so HP has no other option left. HP should start investing more in R&D so that they can compete with their competitors.

Eldredge
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Re: Layoffs to change and reduce salary structure
Eldredge   1/29/2014 10:36:15 PM
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@Hailey  - Sounds like they covered the topic pretty well in their inquiry.

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