HP Layoffs -

From the "Job Cuts Taking Place at Hewlett-Packard's Boise-Based Imaging and Printing Group"

"In what one employee, who asked his/her name be withheld, has called "Black Monday," a round of job cuts is taking place at Hewlett-Packard's Boise-based Imaging and Printing Group today, part of the company's global reorganization of the division..."


HP spokesman Scott Stalla issued this statement:

"As part of the HP Imaging and Printing Group's (IPG) continued Print 2.0 transformation, the business announced plans in June 2008 to realign and streamline its organization by reducing the number of its global business units from five to three customer solutions- oriented businesses. The realignment of IPG's business entails shifting resources from slower growing businesses to new business opportunities. In some cases, parts of IPG's business will experience reductions while investments will be made in high growth segments of the business. These decisions will be made at the level of the global business unit and are not specific to HP sites. Consistent with its transformation, IPG will continue to proactively manage the challenges of the current market and consider changes that will position the business to win today and in the future."

"...The reorganization of HP's Imaging and Printing Group was made public in June, when statements were issued that the company would reduce its five IPG groups to three. Layoffs began last week at HP's facilities in Corvallis, Ore. and Vancouver, Wash., where about 300 positions were eliminated..."