HP Inc—Announced layoffs of up to 9,000 employees as part of Future Now restructuring
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.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.590 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
Announced layoffs of up to 9,000 employees as part of Future Now restructuring
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.