HP to cut up to 6,000 jobs over three years as PC demand falters

HP to cut up to 6,000 jobs over three years as PC demand falters

a year ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2022/11/23/hp-to-cut-up-to-6000-jobs-over-three-years-as-pc-demand-falters/

HP Inc. will eliminate as many as 6,000 jobs over the next three years amid declining demand for personal computers that has cut into profits.

Earnings, excluding some items, will be $3.20 to $3.60 a share in the fiscal year ending in October 2023, HP said Tuesday in a statement. Analysts, on average, projected $3.61 a share, according to data compiled by Bloomberg. Free cash flow will be about $3.25 billion, which also falls short of estimates.

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