As Twitter hires, HP fires
Trends in tech hiring aren't always what they seem
Computerworld - With the attention given to Twitter's IPO, one might assume that the tech industry is dependent on its success. It isn't. Not even close.
For sure, Twitter's initial public offering in November made some people awfully rich -- the social networking company's market capitalization now ranges near $35 billion and its shares trade at around $65 apiece, more than double the share price of Hewlett-Packard stock.
At best, though, Twitter is likely to remain a mid-sized employer unless it buys a television network with its eventual cash.
Twitter, according to its IPO filing, has about 2,000 employees, and a long list of job openings. Perhaps, in time, it may equal Facebook's current workforce of 5,800.
As HP cuts, who is hiring?
The point of showing the Twitter and Facebook employment numbers is to create scale for HP's just announced layoff of 5,000 workers. Relative to HP's total workforce of 317,000, the cut amounts to just 1.5%, but compared to the amount of hiring now underway at Web-based firms, it's a significant hit to tech employment overall.
The question now for HP is whether it can can adapt to overcome slowdowns in the PC, server and printer businesses and resume its revenue growth. If it succeeds at that, HP could add jobs by the thousands and at a speed that would take a Web-based firm years to achieve. On the other hand, it could also shed jobs by the thousands if it fails.
This latest HP layoff plan, detailed in a Security Exchange Commission filing last week, is on top of 29,000 job cuts previously announced by HP CEO Meg Whitman. HP doesn't breakout hiring/firing by region, so it's not known how many U.S. workers are affected.
HP's importance to employment goes well beyond its own payroll.
There are thousands of HP-related jobs at resellers, consulting and professional services firms. Many IT professionals have invested careers in HP-specific technologies certifications and training, and HP systems can be found in most Fortune 1000 firms.
- Best iPhone, iPad Business Apps for 2014
- 14 Tech Conventions You Should Attend in 2014
- 10 Desktop Apps to Power Your Windows PC
- How to Add New Job Skills Without Going Back to School
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- SDCRAA Case Study: Adapting ERP to business needs This case study goes in depth about San Diego County Regional Airport Authority's created flexibility for a changing industry.
- Gartner 2013 Magic Quadrant for Enterprise Backup/Recovery Software See why CommVault was positioned as the #1 leader in Gartner's 2013 Magic Quadrant for Enterprise Backup/Recovery software for the 3rd year in...
- Forrester Report: CommVault is a Leader in Enterprise Backup and Recovery In this report, Forrester takes a deep dive into the evaluation criteria, how CommVault is positioned and the features and functionality that make...
- Forrester Wave for Enterprise Backup and Recovery Read this report to see how CommVault continues to outpace its competitors and why Forrester positioned CommVault Simpana as the top backup and...
- Four Myths of High-Productivity App Dev Debunked Debunk the main myths surrounding high-productivity application development and how both platforms have overcome them.
On-Demand Webcast: 7 Reasons to Choose VoIP
Thinking about a new phone system for your business?
Be sure to watch this informative webcast. Steve Strauss, small business columnist for USA...
All IT Careers White Papers |