Sun Aug 12, 2012, 08:57 PM
OhioChick (21,217 posts)
HP won't cut jobs in India; may add to workforce in long term: Meg Whitman
Source: Economic Times of India
13 Aug, 2012, 12.14AM IST, Vinod Mahanta,ET Bureau
MUMBAI: In what may be a sigh of relief for thousands of Hewlett-Packard (HP) employees in India, Meg Whitman, the president and CEO of the Palo Alto-based IT major, announced that there will be no job cuts in India during the restructuring exercise that's being carried out globally.
On a three-day visit to India recently, Whitman told ET in an exclusive interview that HP was bullish on India and over time may also add to the Indian workforce.
"We are not reducing our workforce in India. We have announced a global workforce reduction, but India will stay largely intact, because we not only have all our business units here, but also our R&D and back office. We are focused on keeping our workforce here, and I think over time, probably increase the workforce," said Whitman.
Though HP doesn't give out its India employee numbers, industry experts say more than 30,000 of 3,00,000-plus (349,600, according to HP website) global workforce operate out of India. In May, the 56-year-old CEO had announced a 27,000 - or 8% - job cut worldwide as part of a restructuring exercise to free cash for investments in innovation and strengthening the business units.
Read more: http://economictimes.indiatimes.com/tech/hardware/hp-wont-cut-jobs-in-india-may-add-to-workforce-in-long-term-meg-whitman/articleshow/15466073.cms
16 replies, 2317 views
HP won't cut jobs in India; may add to workforce in long term: Meg Whitman (Original post)
|proud patriot||Aug 2012||#1|
|Diana Prince||Aug 2012||#11|
Response to OhioChick (Original post)
Sun Aug 12, 2012, 09:29 PM
Confusious (8,312 posts)
3. They had Carly Friona and now meg whitman?
Last edited Sun Aug 12, 2012, 09:30 PM USA/ET - Edit history (1)
They must want to go down in flames.
Response to OhioChick (Original post)
Sun Aug 12, 2012, 09:32 PM
Skittles (86,325 posts)
4. they won't get rid of the cheap fucks
Last edited Sun Aug 12, 2012, 09:38 PM USA/ET - Edit history (2)
being American is considered a liability now
Response to OhioChick (Original post)
Sun Aug 12, 2012, 09:47 PM
amerciti001 (144 posts)
7. In what may be a sigh of relief for thousands of Hewlett-Packard (HP) ...
Employees in India!?!?
"We are focused on keeping our workforce here, and I think over time, probably increase the workforce," said Whitman.
Meg Whitman, the president and CEO of the Palo Alto-based IT major, announced that there will be- no job cuts- in India during the restructuring exercise that's being carried out globally.???
Are these people "seroius"!!! " industry experts say more than 30,000 of 3,00,000-plus (349,600, according to HP website) global workforce operate out of India."
Hey! how about more JOBS here-In America!;
No jobs cuts-"in India" I bet there'll be plenty in America, though;
Probably enough cuts here to cover for the 30,000 or so that stays on the payroll in India!?;
Really, like this is "big news" here in America? hooray!! HP is not going to cut up-wards to 30,000 jobs in-India; WTF???
You'll be reading about jobs cuts here in America -"as part of a restructuring exercise to free cash for investments in innovation and strengthening the business units."
With most of the cuts here in America!
Hey! how about more JOBS here-In America!?!?
Response to amerciti001 (Reply #7)
Mon Aug 13, 2012, 01:00 AM
JDPriestly (37,760 posts)
10. Maybe if Americans stopped buying computers, these companies would
not outsource all the jobs to places like India.
By the way,
Literacy in India is key for socio-economic progress, and the Indian literacy rate grew to 74.04% in 2011 from 12% at the end of British rule in 1947. Although this was a greater than sixfold improvement, the level is well below the world average literacy rate of 84%, and India currently has the largest illiterate population of any nation on earth. Despite government programs, India's literacy rate increased only "sluggishly," and a 1990 study estimated that it would take until 2060 for India to achieve universal literacy at then-current rate of progress. The 2011 census, however, indicated a 2001-2011 decadal literacy growth of 9.2%, which is the slower than the growth seen during the previous decade.
There is a wide gender disparity in the literacy rate in India: effective literacy rates (age 7 and above) in 2011 were 82.14% for men and 65.46% for women. The low female literacy rate has had a dramatically negative impact on family planning and population stabilization efforts in India. Studies have indicated that female literacy is a strong predictor of the use of contraception among married Indian couples, even when women do not otherwise have economic independence. The census provided a positive indication that growth in female literacy rates (11.8%) was substantially faster than in male literacy rates (6.9%) in the 2001-2011 decadal period, which means the gender gap appears to be narrowing.
. . . .
Severe caste disparities also exist. Discrimination of lower castes has resulted in high dropout rates and low enrolment rates. The National Sample Survey Organization and the National Family Health Survey collected data in India on the percentage of children completing primary school which are reported to be only 36.8% and 37.7% respectively. On 21 February 2005, the Prime Minister of India said that he was pained to note that “only 47 out of 100 children enrolled in class I reach class VIII, putting the dropout rate at 52.78 per cent.” It is estimated that at least 35 million, and possibly as many as 60 million, children aged 6–14 years are not in school.
Absolute poverty in India has also deterred the pursuit of formal education as education is not deemed of as the highest priority among the poor as compared to other basic necessities. The MRP-based (mixed recall period) poverty estimates of about 22% of poverty in 2 per cent has been imposed on all direct and indirect central taxes through the Finance (No. 2) Act, 2004.
We hear a lot of complaints from the business community about our poor education system. So what do they do -- export jobs to India and import workers from India.
They aren't better trained or better educated than we are. They are simply cheaper.
Response to JDPriestly (Reply #10)
Mon Aug 13, 2012, 01:49 AM
DallasNE (2,954 posts)
12. India Has 3 Times The Population Of This Country
What these IT companies are doing is picking the cream of the crop from the huge population base in India. While the overall population is not better trained or better educated these IT professionals being hired are. At least they were when I both worked with these IT professionals from India and interviewed candidates for employment with the consulting firm I worked for at that time. The last couple of years I was with the consulting company the practice morphed into off-shore hiring as the communications industry made vast improvements with data throughput and that made it possible to use people living half-way around the world to perform the IT tasks.
Response to fujiyama (Reply #8)
Mon Aug 13, 2012, 04:33 AM
davidpdx (8,782 posts)
15. Yes, as much as I hate Whitman
Their computers are good and I've had good experiences with the service centers overseas. I'm on my second HP laptop (my wife has my old one). When I go to buy another computer I may have to really do some investigations into other brands. I hate that because I would have automatically bought HP (though note it would be HP Korea). Since I'm in Korea I may go with Samsung or LG. Sad to say that probably at least one component of any computer is probably made in either India or China (or both).