CRISIS With this decision, the American manufacturer hopes to save 1.4 billion dollars per year for the next three years
Hewlett-Packard printers in a store in the United States. — Copyright 2018 The Associated Press. All rights reserved.
The list of Silicon Valley companies hit by the crisis continues to grow. The American manufacturer of personal computers and printers HP has announced Tuesday that it would lay off between 4,000 and 6,000 employees by 2025.
The company currently has around 61,000 employees, some 10,000 more than a year ago. With the layoffs, it hopes to save $1.4 billion a year over the next three years.
Read Also
- so you can enjoy thousands of discounts Jun 2, 2021
- Honda ST1100 / ST1300 Pan European (1990 – 2016) Sep 6, 2021
- Movie Review | Combining the world of growth and the Middle Ages, Potato is such an insane comedy that it has the ingredients f Aug 12, 2021
- Manzanillo Power Plants will cost about US$1,700 million; investment will be from the private sector May 31, 2022
- New scam on Instagram: they block accounts and ask for money to return them Aug 16, 2021
- Wall Street says goodbye to May on the rise with the highest inflation in the last 13 years May 30, 2021
- You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch Apr 14, 2021
Goal: “Create value in the long term”
“This new strategy (…) will allow us to better serve our customers and create long-term value by reducing our costs and reinvesting in key areas. ;s for the future,” an HP spokesperson. In its 2022 fiscal year, ending at the end of October, HP achieved revenue of $63 billion, down 0.8% year-on-year, from which it generated net income of $3.5 billion, divided; by two over a year.
Recently, Meta (Facebook, Instagram), Twitter, Lyft (car booking platform with drivers), Salesforce and Stripe (online financial services), among others, announced significant staff reductions. While the pandemic had largely benefited to the tech sector, the economic crisis has caught up with its companies, some of which had hired a lot, betting on strong growth over time.