As per report hp Inc that employs 55,000 globally, has drawn up a plan to lay off 16% of its workforce. Reportedly this comes up to nearly 7,000 to 9,000 jobs that will be cut in the company and these may be done through a mix of straight forward firing and in some cases early voluntary retirement.
Furthermore these changes come in as Enrique Lores takes over at hp as the new CEO once the current incumbent Dion Weisler leaves on November 1. Further in an official statement by the Palo Alto, California based company has shared more details. Meanwhile the reduction in workforce may result in a total saving of about $1 billion spread over three years.