HP is planning to lay off between 1,000 to 2,000 of its 58,000 employees globally as part of its ongoing cost-cutting strategy called 'Future Now.' This move aims to save the company around $300 million and is projected to affect various departments without specific details disclosed. CEO Enrique Lores indicated a strategic approach to cut jobs while also focusing investments in key areas such as AI. With this latest reduction, the total layoffs since the initiative's introduction could reach 9,000 employees, fostering rebalancing within the company while targeting overall savings of $1.9 billion.
HP's cost-cutting initiative 'Future Now' signals the company's strategy to streamline its workforce and reallocate resources into high-priority investment areas such as AI and customer experience.
CEO Enrique Lores stated that the layoffs will occur "all over the company" and emphasized the balance between workforce reductions and strategic investments in future growth areas.
Collection
[
|
...
]