Great story in the Oregonian about cuts coming to the secretive Hewlett-Packard printing groups in Corvallis and Vancouver.
The gist: Despite saving the company a few years ago, the printer group is coming under the knife. Manufacturing is being pared back or outsourced, and the group in Corvallis, where it developed the inkjet, is looking at another 300 layoffs.
HP’s selling its property in Vancouver, with plans to lease it back for a while, and leasing more space on its Corvallis campus.
I’ll bet it won’t close the Corvallis operation altogether because it has invested so much in exotic equipment, but another round of uncertainty must remind employees of the dark Fiorina days.
At least the company plans to continue doing advanced research in the Northwest (the story mentions that labor costs are 15 percent less in Corvallis than at the printer HQ in San Diego.)