The American computer manufacturer HP wants to cut around 4,000 to 6,000 jobs worldwide by the end of fiscal year 2025. The company announced Tuesday that the restructuring is likely to incur costs and other expenses of about $1 billion.
For the fourth quarter, HP announced a sales decline of 11 percent to $14.8 billion. Previously, other companies in the technology industry, such as Amazon and Meta, had announced plans to lay off workers over a likely economic downturn.
Hewlett-Packard split in late 2015. In addition to HP Inc, the Hewlett Packard Enterprise (HPE) division also operates independently, in which server and storage services are bundled.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
