HP sees up to 5,000 job cuts as part of restructuring plan


  • TECH
  • Wednesday, 06 Jun 2018

FILE PHOTO - A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam/File Photo

HP Inc now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on June 5.

In October 2016, HP's board had approved a restructuring plan to be implemented through fiscal year 2019, under which it had expected around 4,000 job cuts. In May, the company said it expected that number to increase by 1% to 2%.

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