Another round of workers’ demobilization struck the fluctuating technology industry in the San Francisco region.
HP Inc. Place. To lay off up to 2000 other employees, as the company is looking for ways to reduce costs amid economic uncertainty and appoint more investments in artificial intelligence.
Discounts in jobs are part of a restructuring plan called Future Now that the company announced in 2022, as the sales of personal computers witnessed decreased after the Covid-19 pandemic fed the remote climbing of work.
The computer and the printer said it is planning to reduce 7,000 employees For three years, according to its annual report of 2024.
HP’s updated restructuring plan for the company will provide an estimated $ 300 million by the end of the fiscal year 2025, according to presentation To the US Securities and Stock Exchange Committee on Thursday.
With additional workers’ demobilization, the company expects to save $ 1.9 billion from the fiscal year 2023 until the fiscal year 2025. HP has approximately 58,000 worldwide workers. HP did not immediately respond to a request for comment.
Palo Alto Tech Giant is the latest technical company that reduces salary statements because it is preparing for possible economic challenges and the race to build more products that work on behalf.
Autodesk – which is made by programs used by architects, designers and engineers – has also announced this week to reduce 1,350 jobs, or nearly 9 % of their general power Organizational presentation. In February, Meta cut 3600 workers or about 5 % of the workforce.
This week, Google also reduced less than 100 people in her cloud department, Bloomberg I mentioned earlier. A Google spokesman confirmed the demobilization of workers, but said in a statement that the company “is making changes to continue investing in areas that are decisive to our business and ensuring our long -term success.”
HP doubles on investments in artificial intelligence as well. The company is betting on buying more consumers, personal computers filled with artificial intelligence tools. Earlier in February, he acquired HP Your human The artificial intelligence pin maker that was floundering amid consumer complaints and bad reviews – for $ 116 million.
“We look forward to strengthening our technology and innovation organization by integrating the Humane team with HP,” said Enrique Loris at HP at the company’s quarterly profit call. “We also reorganize our major growth areas to reflect the transformation of our investment focus on the future of work.”
Reducing costs can help reduce the effects of economic and geopolitical uncertainty during President Trump’s second administration. Trump said this week he is planning to impose an additional 10 % tariff on Chinese imports.
In this call, Laws said that HP, which makes some of its products in China, accommodates other countries. Although China is still an important manufacturing center, the company expects 90 % of HP products sold in North America outside China by the fiscal year 2025.
HP recorded revenues of $ 13.5 billion for the first quarter, an increase of 2.4 % over the same period last year. The company told a net profit of $ 565 million. Its shares fell approximately 7 % to $ 30.87 on Friday.