City of Plano on HP job cuts: We are concerned




Posted on May 23, 2012 at 11:31 PM

Updated Thursday, May 24 at 11:05 AM

PLANO — Employees at HP Enterprise Services in Plano drove to work and then back home Wednesday, wondering about their future.  

Some might soon lose their jobs. 

The company announced plans to cut 27,000 jobs worldwide, and nearly every region will be hit. 

"Those who live in the community, you know, it has an impact on them," said Plano City Manager  Bruce Glasscock.  "It has a rippling effect that we don't like to see."

Bloomberg reported that most of the cuts would target the Enterprise Services division in Plano.  HP's announcement concerns The City of Plano, because the technology giant is one of the city's top employers with a staff of around 5,000 people.  

HP acquired the former Electronic Data Systems Corp. in 2008. 

Bloomberg reported that most of the cuts would from the Plano office, and that the company will eliminate jobs by October. 

According to HP, the number of employees affected will depend on how many decide to take early retirement, but it didn't share any specifics. The company, with headquarters in Palo Alto, California, sent News 8 a statement which said, in part:

"While we understand these cuts are difficult, because they involve the loss of jobs, they are necessary to improve execution and to fund the long-term health of the company."

HP expects to save more than $3 billion when the restructuring is implemented. 

Glasscock said the city will monitor the situation. "If they contact us, we will be ready to try to do whatever we can," he said.