HP says it will lay off up to 6,000 workers over the next couple years

HP says it will lay off up to 6,000 workers over the next couple years

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  • The computer maker disclosed the major job cuts in a statement accompanying its lackluster quarterly earnings report on Tuesday afternoon, where it also said sales dropped more than 11% compared to the same period last year.
  • HP President and CEO Enrique Lores added in a statement that the company’s so-called “Future Ready strategy” will “enable us to better serve our customers and drive long-term value creation by reducing our costs and reinvesting in key growth initiatives to position our business for the future.”
  • The news makes HP the latest in a growing list of once-high-flying tech companies that are now announcing significant job cuts.

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