The US maker of personal computers and printers HP announced Tuesday that it will lay off between 4,000 and 6,000 employees by 2025, becoming the latest technology group to launch a social plan this fall.
The company currently has about 61,000 employees, about 10,000 more than a year ago.
New technology social plan
Recently, its Silicon Valley neighbors Meta (Facebook, Instagram), Twitter, Lyft (driver-based car booking platform), Salesforce and Stripe (online financial services), among others, announced major staff reductions.
Although the pandemic had greatly benefited the technology sector, the economic crisis reached its companies, some of which had hired a lot, betting on strong growth over time.
In its 2022 fiscal year, which ended at the end of October, HP achieved revenue of $63 billion, down 0.8% year-on-year, from which it generated net profit of $3.5 billion, halved by a year. Its guidance for the current quarter also disappointed.
On Wall Street, its stock lost about 1% during electronic trading after the close of trading.
Source: BFM TV
