HP Expects Additional Layoffs as Part of Restructuring Plan

MT Newswires Live
28 Feb

HP (HPQ) said late Thursday that it expects incremental workforce reductions between 1,000 to 2,000 employees as part of its ongoing restructuring plan.

The company said it expects to save $300 million in fiscal 2025 on annualized basis, bringing total savings to $1.9 billion by the end of fiscal 2025.

The computer company said the restructuring would also incur about $150 million in additional charges, totaling around $1.2 billion over the course of fiscal 2023 through fiscal 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10