HP, restructuring again, will cut up to 4,000 jobs

[TexasTowelie]

HP Inc. said Thursday it plans to eliminate between 3,000 and 4,000 jobs over the next two years as it restructures amid falling sales.

The company had 287,000 employees worldwide at this time last year. HP said the job cuts will save between $200 million and $300 million annually.

Through the first three quarters of its current fiscal year, HP’s revenues totaled $35.7 billion, down from $39.2 billion in the same period a year earlier. Profits totaled $783 million, down from $854 million the prior year.

HP Inc. took the personal computer and printer businesses from Hewlett-Packard Corp. when that company split in two last year. HP eliminated 3,300 jobs then in connection with that separation.

Read more: http://www.columbian.com/news/2016/oct/14/hp-restructuring-again-will-cut-up-to-4000-jobs/

[Egnever]

1. They need to build better stuff

Their quality control is horrid.

They are killing themselves.

[Achilleaze]

2. They need to cut the prices on their ink jet cartridges

What a freakin rip off that is...

[krispos42]

3. Ah, more job creation by the job creating class...