HP announced today that it plans to lay off 4,000 to 6,000 employees over the next three years. The news comes courtesy of HP’s most recent Q4 2022 earnings report in which it shares a statement addressing the upcoming layoffs. It describes them as a reduction in “gross global headcount” with the process set to be completed by the end of fiscal 2025.
Other information included in HP’s earnings report note a 2022 fiscal revenue of $63.0 billion, down 0.8 percent from the prior-year period, and fourth quarter net revenue at $14.8 billion, down 11.2 percent. Additionally, things like Personal Systems net revenue fell as well with $10.3 billion reported down 13 percent year over year. Consumer net revenue also decreased by 25 percent, with total units down 21 percent.
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