Enlarge (credit: Ethan Miller/Getty Images)
HP Inc plans to trim its workforce by up to eight percent with the loss of between 3,000 and 4,000 jobs by 2019 to shave millions off the company’s costs.
The tech giant’s staff headcount as of last November stood at 50,000 workers, but it revealed in a regulatory filing to the US Securities and Exchange Commission on Thursday that job cuts would begin in 2017.
It said that HP Inc’s board of directors had approved a restructuring plan that it will implement over the next three years. The firm added in its 8-k:
Read 5 remaining paragraphs | Comments
Source: Ars Technica – HP Inc to axe up to 4,000 jobs over next three years