Computer maker HP said on Tuesday it plans to lay off thousands of its employees over the next three years. After the announcement, the company’s shares fell, while HP stated that these moves were due to economic conditions.Pandemic is over, high income is over
The fact that the pandemic period was left behind also caused the fairy tale period to disappear. People started making computer purchases in an unprecedented way during the Kovid era, but this sensational growth has been reversed. Moreover, difficult economic conditions affect technology companies that make their investments according to this artificial increase more deeply. HP is the last of these technology companies, for now.
Layoffs will spread over time
In the statement made by the company, it is reported that 4,000 to 6,000 employees will be laid off in the next three years. HP plans to save $1.4 billion or more in annual gross operating rate over the next three years, with costs of approximately $1 billion including reconfiguration.
HP announced that it will lay off approximately 9000 people in 2019. As of October 2021, the company has approximately 51,000 employees. On the other hand, in the fiscal fourth quarter data, which ended on October 31, 2022, revenues decreased by 0.8 percent year on year and regressed to 14.80 billion dollars. Revenue in HP’s Personal Systems segment also fell 13 percent to $13.3 billion during the same period.
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