HP, known for computers, announced that it will reduce the number of workers in the next three years, due to the Cooling of the PC purchase market???????? The company, which revealed results this Tuesday night, explained that it could have to lay off between 4 and 6 thousand peopleequivalent to about 10% of the current total of 61,000 workers.
The computer and printer manufacturer explained that with these layoffs and other transformation processes, it aims to reach savings of US$1.4 billion by 2025. To make these cuts and other changes, HP anticipates costs of around one billion dollars. The CEO does not expect a reversal of the current challenging context facing the company, hence the presentation of this “transformation” plan. “We think that, at this point, it is prudent not to assume that the market will be transformed throughout 2023,” said Enrique Lores, CEO of HP, quoted by the Wall Street Journal.
In the quarterly results presentation, HP disclosed a revenue decline of 11.2% like-for-like to $14.8 billion and a loss of $2 million for the quarter, compared with a profit of $3.1 billion a year ago. one year.
PCs continued to be HP’s biggest source of revenue, generating $10.3 billion in the quarter, but posting a 13% drop in revenue compared to the same period last year. The printer segment also saw revenue drop 7% to $4.5 billion.
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Source: Observadora
