HP plans to lay off between 4,000 and 6,000 employees. worldwide, in the next three years, a measure that is part of the plan that allows the multinational to save 1,400 million dollars annually.
The computer company, headquartered in California, employs some 51,000 people worldwide and has not yet disclosed how the announced cuts will be distributed across its units.
As it went this measure is part of a plan with which it expects to save 1,400 million dollars (1,365 million euros) annually until 2025.
Still, it will have to pay 1,000 million dollars (975 million euros) in restructuring costs and other expenses.
In a statement, HP’s executive chairman Enrique Lores argued that this new strategy will create more value, reduce costs and enable reinvestment in “major growth initiatives.”
In the last quarter of the fiscal year, HP’s revenue was 11.2%, compared to the same period last year, to $14,800 million (14,425 million euros).
Source: DN
