Tuesday, Nov 29, 2022
Business / Wednesday, Nov 23, 2022

HP Plans to Lay Off 10% of its Global Employees and Cut 6,000 Jobs 

Hewlett-Packard Company (HP) will cut up to 6,000 positions over the next three years in response to declining personal computer demand, which has impacted revenues. HP has been dealing with a continuous decrease in the personal computer market, which accounts for the vast bulk of its sales. As companies cut back on personnel numbers and technology spending, it began with lower-end consumer goods and has since spread.

Source: Live Mint

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