HP deletes thousands of jobs

HP deletes thousands of jobs

Tech October 14, 2016 09:12

- Printer and computer maker HP Inc. deletes the next three years from 300 to 4000 jobs. This was announced Thursday after the slotbel on Wall Street. The company wants to bring the cost down now that the demand for computers and printers is waning. According to CEO Dion Weisler HP layoffs fall within all parts of the business.

HP Inc. was split off last year from HP technology Enterprises. Since then Weisler searching diligently for ways to increase the profitability of HP. Last year the company announced already a massive reduction in jobs. HP currently has approximately 50 000 employees.

HP estimates for the next fiscal year adjusted earnings per share of 1.55 to $ 1.65 per share.

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