The computer giant HP wants to reposition itself, to 7000 to 9000 places to be omitted. This was announced by the manufacturer of printers and PCs at the presentation of its restructuring plan. According to information from the news agency AFP, the job cuts are to be spread over three years. Voluntary early retirement and layoffs are planned.
HP wants to use it and other measures to save a billion dollars a year. At first, however, the layoffs are likely to weigh heavily on the balance sheet: the company expects to incur extraordinary costs of approximately one billion dollars by the time the group is completed at the end of fiscal year 2022.
HP has continued to lead the hardware business of Hewlett-Packard in 2015, with the software and cloud businesses at HP Enterprise (HPE).
At least 16 percent less staff
HP had indicated its number of employees for 2018 with 55,000. An updated number called the group initially not. The massive job cuts could reduce the number of employees worldwide by more than 16 percent, it said.
HP has already implemented austerity programs with strong staff cuts in recent years. In mid-2018, the Group had announced that by the end of the financial year 2019 about 4500 to 5000 employees should be dismissed.
For a long time, the company was struggling with the shrinking market for PCs and printers, but in the meantime, the shops were also doing significantly better. At the moment, the top management of HP is also in a state of flux: Chief Executive Officer Dion Weisler hands over the top job to Enrique Lores, a longtime HP manager, on November 1st.
