https://www.theregister.co.uk/2019/10/04/hp_axes_up_to_9000_workers/

HP Inc's incoming CEO kicked off his reign of terror at the hard-pressed organisation by doing what so many old-world tech company bosses do these days: chopping thousands of jobs and buying back shares.

The plan is to lay off up to 16 per cent of the 55,000-strong workforce, shedding between 7,000 to 9,000 jobs via redundancy and voluntary early retirement. HP will also fork out $5bn on shares to reduce market volumes and perk up its market capitalisation.