US-based tech giant, Hewlett Packard has put in place plans to sack 33,000 workers from its workforce over the next three years.
This is to help the company adjust to the challenges of falling demand across its business interests, after HP’s revenue from its PC and printer business, its largest, fell 11.5 percent in the fiscal third quarter ended July 31.
The company had in August through its Chief Financial Officer Cathie Lesjak announced it would lay off 55,000 workers.
HP stated that up to 33,000 of the job cuts will be in its Enterprise division and up to 3,300 in HP Inc., which makes personal computers and printers.
According to Chief Executive, Meg Whitman “We’ve done a significant amount of work over the past years to take costs out and these final actions will eliminate the need for any future corporate restructuring.”
This latest cut may reduce the company’s workforce by at least 10 percent based on the company’s last released staff strength figure of 300,000.
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