HP Inc announced it would lay off up to 2,000 more employees as part of a continuing cost-cutting plan, bringing the total number of job cuts under the restructuring to as many as 9,000. The company said it would save an additional $300 million by the end of its fiscal 2025. CEO Enrique Lores said the layoffs will hit 'all over the company,' including factory workers, consumer support reps, HR administration, and legacy tech engineers.
HP Inc
Personal computer and printer manufacturer. Split from original Hewlett-Packard in 2015. One of the founding companies of Silicon Valley.
Notable Alumni
Track Record
HP Inc made a contribution to Donald Trump's inauguration, joining Microsoft, Amazon, and other major technology companies. An HP spokesperson confirmed the company was giving funds without disclosing the sum. HP CEO Enrique Lores expressed willingness to 'collaborate with the new administration' on tariffs.
After seven years of litigation, HP Inc. and Hewlett Packard Enterprise settled age discrimination class action for $18 million in September 2023. Lawsuit alleged CEO Meg Whitman directed company-wide policy starting around 2012 to transform workforce by pushing out older employees and aggressively hiring younger ones. In August 2013, HP's HR department issued guidelines requiring 75% of new hires be 'graduate' or 'early career' employees. Internal documents maligned older employees as 'traditionalist' and 'rule breakers.' Whitman expressed desire to change age makeup from a 'diamond' to 'quite flat diamond' with 'lots of young people coming in right out of college.' Between July 2012 and February 2017, there were 29 age discrimination complaints against HP in California alone. Court granted collective action status in April 2021.