HP plans to lay off between 4,000 and 6,000 workers worldwide over the next three years, a measure that is part of the plan that will allow the multinational to save 1.4 billion dollars a year.
The California-based computer company employs about 51,000 people worldwide and has yet to disclose how the announced cuts will be distributed among its units.
As he has said, this measure is part of a plan through which he hopes to save 1,400 million dollars (1,365 million euros) per year until 2025.
Even so, it will have to disburse 1,000 million dollars (975 million euros) in restructuring and other expenses.
In a statement, HP CEO Enrique Lores argued that this new strategy will create more value, reduce costs and allow reinvestment in “key growth initiatives.”
In the last quarter of the year, HP’s revenues yielded 11.2% compared to the same period of the previous year, up to 14,800 million dollars (14,425 million euros).
Source: TSF
