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