The HP company, the printer giant, announced this evening (Tuesday) that it will lay off between 4,000 and 6,000 employees over the next 3 years. This is about 12% of its workforce.
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HP is the latest to join the high-tech companies that started laying off workers due to the economic crisis in the field, and just a few weeks ago it laid off about 60 workers in Israel.
According to the company’s official statement, it expects the move to generate at least $1.4 billion in coffers over the next three years, but the restructuring will also cost about $1 billion.
As of October 2021, approximately 51 thousand employees were employed at HP. The last major round of layoffs at the company was in 2019, when it fired between 7,000 and 9,000 employees.