HP to cut about 12% of jobs by end of fiscal 2025

Summary by New York Post

HP Inc said on Tuesday (Nov 22) it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12 per cent of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets.

Published 4 months ago · Palo Alto, United States

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Times of India

US tech giant Hewlett Packard plans to cut about 12% jobs

The company, which employs nearly 50,000 people, said it expects to reduce headcount between 4,000 and 6,000. HP estimates it will incur about $1.0 billion in labor and non-labor costs related to restructuring and other charges, with nearly $600 million in fiscal 2023 and the rest split between the following two years.

4 months ago·Mumbai, India

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News18 India

HP To Reduce Global Workforce, To Layoff Around 6,000 Employees

HP is another tech giant facing uncertain times with the slowing demand for PCs and the overall economic climate making businesses rethink their hiring plans.

4 months ago·India

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Reuters

HP to cut up to 6,000 jobs

HP Inc said on Tuesday it expects to reduce its global headcount by about 4,000 to 6,000 by the end of fiscal 2025. The PC maker estimates it will incur about $1.0 billion in labor and non-labor costs related to restructuring and other charges, with nearly $0.6 billion in fiscal 2023 and the rest split between the following two years. The restructuring comes at a time when most

4 months ago·United Kingdom

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Hindustan Times

HP to cut about 6,000 jobs by end of fiscal 2025: Report

Hewlett-Packard (HP) employs nearly 50,000 people, said it expects to reduce headcount between 4,000 and 6,000. It also forecast a lower-than-expected profit for the first quarter

4 months ago·New Delhi, India

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CNN

HP says it will lay off up to 6,000 workers over the next couple years

HP Inc. announced on Tuesday that it will lay off thousands of workers over the next three years, becoming the latest tech company to significantly downsize staffing amid a souring economic climate.

4 months ago·Atlanta, United States

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The Star Kuala Lumpur

HP reports fiscal 2022 full year, 4th quarter results

SAN FRANCISCO, Nov. 22 (Xinhua) -- HP Inc. and its subsidiaries on Tuesday announced fiscal 2022 net revenue of 63 billion U.S. dollars, down 0.8 percent (up 0.7 percent in constant currency) from the prior-year period. Read full story

4 months ago·Malaysia

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