HP Layoffs: Thousands of Jobs Cut Across the Company, Details Inside

Big news from HP. The tech giant just announced it’s cutting jobs. How many? Up to 2,000.

That’s a lot of people. Think about it: 2,000 families potentially affected.

Here’s the deal. HP made the announcement in a filing. It’s official.

Why the Cuts?

Money. Plain and simple. HP wants to save up to $300 million.

These cuts are part of a bigger plan. It’s called “Future Ready. ” It started back in 2022.

The original goal? To cut 7,000 jobs. With these new cuts, it could be 9,000. That’s huge.

Where Will the Cuts Happen?

Everywhere. That’s what HP’s CEO, Enrique Lores, said. “All over the company. ”

But there’s a twist. HP is also investing in some areas. AI and customer experience are top priorities.

It’s not just about cutting. It’s about shifting focus.

When Will This Happen?

Soon. HP wants the layoffs done by October 2025. That’s the end of their fiscal year.

It’s a tough time for those affected. No doubt about it.

What’s the Upside?

Believe it or not, there is one. HP’s revenue is up. It went up 2. 4% to $13. 5 billion.

While jobs are being cut, the company is also growing. It’s complicated.

Change is never easy. Especially when it involves people’s jobs.

The Big Picture

HP is changing. It’s cutting costs. It’s investing in new areas. Like many companies, it’s adapting.

What does this mean for the future? Only time will tell. But it’s a story worth watching.