adjustment of employees in HP company; It will lay off 6,000 employees over the next three years

0 0
5
(45)

HP plans to lay off between 4,000 and 6,000 employees over the next three years to control costs.

HP company is not the only technology company in the world that includes an employee adjustment program among its strategies.
Meta, Microsoft, and Amazon are also following relatively similar programs to reduce the number of their workforce, and the conditions of these companies have also changed in terms of employee adjustment compared to previous years.

HP company
HP company

Retrenchment of employees, this time at HP

The financial report for the financial quarter ending in October shows that the sales statistics of HP computer systems have decreased.
At the same time as the corona epidemic began, the number of computer systems purchases increased. Many students and employees had to do the work remotely and through their computer systems in difficult corona conditions. For this reason, a new wave of buying computer systems was formed in the market. But this exciting growth did not continue and the market situation returned.

HP has announced in a statement that the company’s “future transformation plan” can save costs. The company plans to turn around its financial situation in the next three years, and to achieve this goal, it has decided to lay off about 4,000 to 6,000 employees worldwide. Doing so could save the company around $1.4 billion in costs.

By October 2021, HP had about 51,000 employees. In 2019, this company adjusted between 7,000 and 9,000 people from its workforce. The company’s income in the fiscal quarter ending on October 31 has decreased by 0.8% compared to the same period last year. The company’s revenue in the personal computer systems sector has increased by 13% and reached 10.3 billion dollars. These figures have made this company think about retrenchment.

READ MORE :  End of telecommuting in Meta: Employees must be in the office three days a week

How useful was this post?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 45

No votes so far! Be the first to rate this post.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy