HP Will Eliminate Thousands Of Jobs Worldwide

San Francisco – The US hardware manufacturer HP announced Thursday that during the next three years it will eliminate between 7,000 and 9,000 of the current jobs that the company has worldwide, which means a reduction in the total workforce of up to 16%

"This is one of the toughest decisions we had to make, but it is absolutely necessary for HP's future," the company's CEO, Enrique Lores, who will replace the current Dion Weisler, told a conference call. from November 1.

HP, which has a worldwide staff of 55,000 people, has seen how its main businesses, the production and sale of computers, printers and printer ink, have decreased significantly in recent years, so it considers it needs a restructuring.

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According to Lores, the objective is to turn the direction of the company from traditional hardware to software and services, thus following a general trend in the industry, in which several other device giants, such as Apple, have also strongly bet on this sense.

"We see significant opportunities to create value for shareholders and we will achieve this by advancing our leadership, being a force for change in the industry and aggressively transforming the way we work," said Lores.

In total, the executive estimated that the elimination of jobs (did not specify whether they will be dismissals or positions that will not be renewed) will save the company $ 1 billion in the next three years that will be invested in the efforts of "reinvention" of the company.

On August 22, coinciding with the presentation of the financial results corresponding to the first nine months of his fiscal year, the current CEO of HP, Dion Weisler, announced his next resignation due to "a family health reason ".

Weisler has directed HP since 2015, when it was created as a new entity resulting from the partition of the historic Hewlett-Packard into two companies: HP, specializing in products for the particular user, and Hewlett-Packard Enterprise, focused on companies.

The manager will return to his native Australia, from where he will support Lores in the transition process until January of next year, when he will leave the day-to-day business of the company and will only keep his current position on the board of directors as a link, for At least until the annual spring shareholders meeting.

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