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HP to slash 7,000 to 9,000 jobs over three years as part of major restructuring

October 7, 2019

HP Inc. on Thursday announced a major restructuring that will eliminate 7,000 to 9,000 jobs over the next three years as part of a series of moves to transform the computing giant into a software and services powerhouse.

“This is one of the toughest decisions we had to make, but it is absolutely necessary for HP’s future,” incoming Chief Executive Enrique Lores told MarketWatch in a conference call with a handful of industry analysts. Lores and Chief Financial Officer Steve Fieler laid out a financial road map for the company’s fiscal year 2020 several hours before HP’s analyst day was to start.

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