HP Will Cut Up To 6,000 Jobs Over Next Three Years

Computer and printer maker HP said Tuesday it will cut between 4,000 and 6,000 jobs by the end of 2025 as part of a restructuring. Axios reports: HP said the move will save it at least $1.4 billion annually by the end of fiscal 2025. However, it expects to incur $1 billion in costs due to the restructuring, with $600 million in fiscal 2023 and the rest split over the remaining two years. It made the announcement alongside its quarterly earnings report. As part of that report, HP said to expect per-share earnings of 70 cents to 80 cents, excluding items. That's below consensus expectations of about 86 cents per share, per CNBC. Further reading: A Host of Tech Companies, Including Coinbase, Robinhood, Lyft, and Stripe, Announce Hiring Freezes and Job Cuts

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