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HP will cut up to 4K jobs as PC sales slump

The company said Thursday it’ll eliminate between 3,000 to 4,000 jobs over the next three years to cut costs. The company isn’t doing enough PC business to support its current expense load, it said. As many as 1,000 could be outsourced, the company said at an analyst pow-wow Thursday.  •HP has about 50,000 employees now. … Continue reading “HP will cut up to 4K jobs as PC sales slump”

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The company said Thursday it’ll eliminate between 3,000 to 4,000 jobs over the next three years to cut costs. The company isn’t doing enough PC business to support its current expense load, it said. As many as 1,000 could be outsourced, the company said at an analyst pow-wow Thursday. 

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•HP has about 50,000 employees now.

•HP shares fell 1.3% during trading hours Thursday, then another 1.8% in after hours trading. 

•The company believes the job cuts will save it between $200 million and $300 million annually starting in fiscal 2020. 

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About the author

Fast Company Senior Writer Mark Sullivan covers emerging technology, politics, artificial intelligence, large tech companies, and misinformation. An award-winning San Francisco-based journalist, Sullivan's work has appeared in Wired, Al Jazeera, CNN, ABC News, CNET, and many others.

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