253 upvotes, 3 direct replies (showing 3)
View submission: Houston-based Hewlett Packard Enterprise announces plan to cut workforce by 2,500
"CEO Antonio Neri, on a conference call with analysts on Friday, said, "We could have executed better.""
But instead of firing the people in charge, they'll fire a bunch of middle class people who were just trying to do the jobs they were given.
Guy got $20 million to perform poorly.
Comment by hijazist at 10/03/2025 at 15:46 UTC
78 upvotes, 4 direct replies
Yeah that’s the thing I’ll never understand, why do CEO’s get paid the absurd amounts they do when their decisions do not bear any consequences?
Comment by Genobee85 at 10/03/2025 at 16:59 UTC
12 upvotes, 0 direct replies
This echos what happened to a good amount of us at Texas Children’s back in August… Around the same time the CEO retires with a nice golden parachute too. “One Amazing Team” 🫠
Comment by txmail at 10/03/2025 at 21:31 UTC
3 upvotes, 0 direct replies
I worked for HPE for almost four years. They are in a constant cycle of laying people off but not enough to trigger a big announcement like this.
When I got laid off in one of the seemingly quarterly lay offs they gave us a print out showing the number of people laid off, it was about 1200 employees (including everyone on my team that we handed over to HPE offices in India and Ireland). That being said, their package was generous and fair in my opinion. Overall I would say my employment experience was pretty good overall which was not something I expected going in.