HP will cut 3000 to 4000 jobs over the next three years, according to the company’s financial outlook for 2017.
As part of its planning, the company intends to implement both labour and non-labour restructuring activities. HP expects to save between US$200m and US$300m as it struggles with weakened demand for its PCs and printers.
HP formed after the split from Hewlett-Packard Co last year, and has since attempted to boost its profitability outside of PCs. In September it entered a deal to buy the Samsung print business for $US1.05bn in a bid to help the company expand its printing business to the A3 market.
The world’s biggest wide format printer manufacturer, it owns the HP Indigo digital printing systems business and claimed status as the biggest drupa exhibitor this year.