Thursday 13 June 2024

HP plans to cut 4,000 jobs in four years

NEW YORK, October 14, 2016

US computer giant Hewlett-Packard's hardware arm HP Inc. has announced plans to cut up to 4,000 jobs in the next three to four years, according to dpa.

Speaking at a conference in New York, HP President and CEO Don Weisler said between 3,000 and 4,000 jobs are to be cut affecting departments throughout the company.

"Although our markets remain very challenged, we are committed to innovating in the core and continue to see long-term growth opportunities in commercial mobility and services, the disruption of the A3 copier market, and the digitization of graphics and manufacturing through our leading 3D printing solutions," Weisler said in a financial outlook statement.

"We are confident in our strategy and believe it will continue to produce reliable returns and cash flow, while also enabling HP to invest in differentiated innovation and long-term growth," he added.

Hewlett-Packard split off the company's PC and printers divisions into the new HP Inc. a year ago.

Tags: Jobs | HP | Hewlett-Packard |

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