US computer major HP Inc. said Tuesday it plans to lay off between 4,000 and 6,000 workers over the next three years.
HP’s share price rose as much as 1 percent in after-hours trading on Tuesday. After the company announced the plan to reduce the number of such staff
HP is the latest technology company to announce that it is downsizing due to economic constraints. Follow in the footsteps of Meta, Microsoft and Salesforce. HP’s announcement comes in response to a drop in PC sales. After the COVID-19 epidemic Caused people to rush to buy computers for work and leisure for home use
CNBC news agency reported that in October 2021, HP has about 51,000 workers left in 2019, HP announced that it would lay off 7,000-9,000 workers.
HP said revenue for the fiscal fourth quarter ended Oct. 31 fell 0.8 percent year over year to $14.80 billion. Personal systems revenue, including personal computers (PCs), fell 13 percent to $10.3 billion. While consumer revenue fell 25% and publishing revenue was $4.5 billion, down 7%.
By InfoQuest News Agency (23 Nov ’22)
Tags: employees , layoffs , layoffs , HP Inc.
