• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

HP Announced To Cut More Than 9000 Jobs

October 7, 2019 by Deborah Bloomfield Leave a Comment

As a result of the restructuring plan, HP decided to cut jobs in the upcoming months. On Thursday HP announced its restructuring plan which is going to reduce the operating cost of the company by the end of 2020. This restructuring plan is forcing the company to cut in between 7000-9000 jobs in upcoming quarters. HP announced that it’s expecting a fiscal budget for next year, which is the reason they have decided to cut so many posts all over the world. Job cutting is not only limited to North America, but it’s going to affect every office of the company.

The report shows that this new plan is going to help company to save up to $1 billion by the end of 2022. The company as on October 31, 2018, had about 55000 employees, now they are planning to cut the workforce by 13-16 per cent approximately. HP is giving its employees the option of voluntary retirement, and for others, it’s going to be a layoff.

However, this is not the first time when HP announced plans like that because back in 2018, the company said it would layoff in between 4000-5000 people in 2019. As of now no official reports published by the company. However, such type of massive layoffs means that the company is going to cut some of its services/products. CFO of HP said that whatever the saving would arise from this layoff is going to be used at back-office services. A company usually takes this decision to make investors happy since profits get increased whenever operation cost goes down. CEO Enrique Lores said that HP is overall positive about this decision since it’s going to create some significant changes for the company and its investors. However, this news is going to bring some sad news for HP’s employees.

Deborah Bloomfield
Deborah Bloomfield

Related posts:

  1. McDonald’s CEO Steps Down After Violating Company Policy
  2. The lawsuit filed against the US government by Huawei over new FCC laws
  3. The Galaxy Fold screen replacement will cost around US$ 149
  4. Kaiser Permanente Workers Postpone 5-Day Statewide Strike As Death Of CEO Bernard Tyson

Filed Under: Business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • DNA From Greenland Sled Dogs – Maybe The World’s Oldest Breed – Reveals 1,000 Years Of Arctic History
  • Why Doesn’t Moonrise Shift By The Same Amount Each Night?
  • Moa De-Extinction, Fashionable Chimps, And Robot Surgery – No Human Required
  • “Human”: Powerful New Images Mark The Most Scientifically Accurate “Hyper-Real 3D Models Of Human Species Ever”
  • Did We Accidentally Leave Life On The Moon In 2019 – And Could We Revive It?
  • 1.8 Million Years Ago, Two Extinct Humans Had One Of The Gnarliest Deaths In History
  • “Powerful Image” Of One Of The World’s Rarest Tigers Exposes The Real Danger In Taman Negara
  • Evolution, Domestication, And A Lot Of Very Good Boys: How Wolves Became Dogs
  • Why Do Orcas Have White Spots Near Their Eyes?
  • Tomb Of First King Of Ancient Maya City Discovered In Belize
  • The Real Reason The Tip Of Your Tape Measure Wiggles Like That
  • The “Haunting” Last Message From NASA’s Opportunity Rover, Sent From Inside A Planet-Wide Storm
  • Adorable Video Proves Not All Gorillas Hate The Rain. It Might Even Win One A Mate
  • 5,000-Year-Old Rock Art May Show One Of Ancient Egypt’s First Rulers
  • Alzheimer’s-Linked Protein Levels “20 Times Higher” In Newborn Babies – What Does This Mean?
  • Americans Were Asked If They Thought Civil War Was Coming. The Results Were Unexpected
  • Voyager 1 & 2 Could Be Detected From Almost A Light-Year Away With Our Current Technology
  • Dams Have Nudged Earth’s Poles By Over 1 Meter In The Past 200 Years
  • This Sugar Could Be A Cure For Male Pattern Baldness – And It’s Been In Our Bodies All Along
  • “Cosmic Immigrants”: Daytime Star Seen In 1604 May Be An “Alien Type Ia Supernova”
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version