HP plans to chop as much as 6,000 jobs amid plummeting PC demand

The Hewlett Packard (HP) logo is displayed in front of the office complex on October 04, 2019 in Palo Alto, California.

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HP is the newest tech firm to announce in depth layoffs. Following a surge in demand for computing merchandise amid pandemic-related lockdowns and restrictions, the pc vendor is readjusting as client demand for laptops and desktops falls.

In its This fall and monetary 2022 outcomes shared Tuesday, HP introduced that it’s going to remove 4,000 to six,000 jobs by the top of fiscal 2025.

In keeping with CNBC, HP had about 51,000 employees in October of final yr, so this week’s announcement is anticipated to have an effect on round 7.8–11.Eight % of HP’s workforce.

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