Archived HP plans 3,000 to 4,000 job cuts over the next three years ($HPQ) (techcrunch.com)
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Archived HP plans 3,000 to 4,000 job cuts over the next three years ($HPQ) (techcrunch.com)
submitted ago by Thomas_Crown
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[–] derram ago
https://archive.is/jUVAX :
'Prior to that, however, there will be $350 million to $500 million in charges for the company, including $200 million attributable to labor costs. '
' Earlier this year, the company — which is one of two successors to technology giant Hewlett-Packard (alongside Hewlett Packard Enterprise) — announced plans to cut 3,000 jobs by year’s end. '
'HP isn’t out of the woods just yet. '
'The numbers are a sizable chunk of a total workforce of around 50,000 people. '
'Among them is the fact that the company will be letting go some 3,000 to 4,000 employees over the next three years, according to a new filing with the SEC.The details are still fairly vague, with the report noting that “changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate.”As per the plan, the company anticipates savings of $200 million to $300 million per year starting in 2020, according to the paperwork. '
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