• 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Your email address will not be published.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

  • Project Hail Mary Trailer First Look: What Would Happen If The Sun Got Darker?
  • Newly Discovered Cell Structure Might Hold Key To Understanding Devastating Genetic Disorders
  • What Is Kakeya’s Needle Problem, And Why Do We Want To Solve It?
  • “I Wasn’t Prepared For The Sheer Number Of Them”: Cave Of Mummified Never-Before-Seen Eyeless Invertebrates Amazes Scientists
  • Asteroid Day At 10: How The World Is More Prepared Than Ever To Face Celestial Threats
  • What Happened When A New Zealand Man Fell Butt-First Onto A Powerful Air Hose
  • Ancient DNA Confirms Women’s Unexpected Status In One Of The Oldest Known Neolithic Settlements
  • Earth’s Weather Satellites Catch Cloud Changes… On Venus
  • Scientists Find Common Factors In People Who Have “Out-Of-Body” Experiences
  • Shocking Photos Reveal Extent Of Overfishing’s Impact On “Shrinking” Cod
  • Direct Fusion Drive Could Take Us To Sedna During Its Closest Approach In 11,000 Years
  • Earth’s Energy Imbalance Is More Than Double What It Should Be – And We Don’t Know Why
  • We May Have Misjudged A Fundamental Fact About The Cambrian Explosion
  • The Shoebill Is A Bird So Bizarre That Some People Don’t Even Believe It’s Real
  • Colossal’s “Dire Wolves” Are Now 6 Months Old – And They’ve Doubled In Size
  • How To Fake A Fossil: Find Out More In Issue 36 Of CURIOUS – Out Now
  • Is It True Earth Used To Take 420 Days To Orbit The Sun?
  • One Of The Ocean’s “Most Valuable Habitats” Grows The Only Flowers Known To Bloom In Seawater
  • World’s Largest Digital Camera Snaps 2,104 New Asteroids In 10 Hours, Mice With 2 Dads Father Their Own Offspring, And Much More This Week
  • Simplest Explanation For “Anomalous” Signals Coming From Underneath Antarctica Ruled Out
  • 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