US tech giant Hewlett Packard plans up to 6,000 job cuts

HP, which makes computer hardware and printers, announced the layoff plan as it announced an 11.2 percent fall in revenues to US$14.8 billion (RM67.68bil) for the final fiscal quarter of 2022. — Photo by JUSTIN SULLIVAN/GETTY IMAGES NORTH AMERICA/AFP

SAN FRANCISCO: PC-maker Hewlett Packard on Tuesday said it would layoff as many as 6,000 employees over the next three years as the slumping world economy continues to embroil the US tech sector.

HP, which has a payroll of about 61,000 people, said it aimed to secure US$1.4 billion (RM6.4bil) in annual savings through 2025 as it followed the cost-cutting path of other tech giants such as Facebook-owner Meta, Amazon and Twitter.