HP wants to cut up to 9,000 jobs in next three years

Job cuts around the world will include redundancies and voluntary departures, says the manufacturer of computers and printers American.

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Up to 9,000 jobs. The US computer and printer manufacturer HP announced Thursday, October 3 a large restructuring plan that will lead to the removal of several thousand jobs out of the 55,000 that account the company. She wants to become a more digital and service-oriented company.

The 7,000 to 9,000 job cuts worldwide will be spread over three years and will include redundancies and voluntary departures early retirement, HP said in a statement.

This restructuring plan, presented by Enrique Lores, the new President and Chief Executive Officer who will take the reins at 1st November, will allow HP to adapt to the new consumption habits of its customers, particularly in terms of ink cartridges, which for a long time were the cash cow of the company.

Economy of 1 billion dollars envisaged

HP intends to focus more on services and offer, for example, to sell printers at discounted prices – as it is already doing – but in exchange the customer would commit to obtaining cartridges from HP.

The company estimates that with this restructuring it will be able to save $ 1 billion a year from fiscal year 2022.

HP was born of the split in 2015 of Hewlett-Packard, the great ancestor of high-tech companies in California and was the first in a long series to be founded in a garage by William Hewlett and David Packard in 1939.

The other company born of separation, HP Enterprise, specializes in servers and data storage machines for businesses. Mr. Lores was at the head of the printer division when he was appointed in August to replace Dion Weisler, who had announced his departure for personal reasons and his return to his native Australia.

In fiscal 2018, HP earned $ 58.5 billion in revenue for a net profit of $ 5.3 billion.

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