HP Is Laying Off Up to 2,000 Employees 'All Over the Company'

HP is laying disconnected up to 2,000 group of its 58,000-person world workforce. The machine and printer elephantine disclosed the news successful an SEC filing connected Thursday.

"HP expects incremental gross workforce reductions of astir 1,000 to 2,000 employees," the filing reads. "The changes to the workforce will alteration by country, based connected section ineligible requirements and consultations pinch worker useful councils and different worker representatives, arsenic appropriate."

The layoffs are expected to hap earlier the adjacent of HP's fiscal twelvemonth 2025, which ends successful October. The cuts could thief HP prevention up to $300 million, per the filing.

HP has not specified the departments group to beryllium affected by the cuts aliases the roles that will beryllium impacted. CEO Enrique Lores told Bloomberg connected Friday that the latest information of layoffs will hap "all complete the company" and that HP has been "very selective and very strategic" astir wherever to make cuts.

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"It's not only cuts, we are besides doing rebalancing," Lores said. "At the aforesaid time, we're investing successful different areas."

Lores specified that HP's high-priority finance areas see AI and customer experience.

HP CEO Enrique Lores. Photographer: Annabelle Chih/Bloomberg via Getty Images

The layoffs are portion of HP's cost-cutting inaugural "Future Now," which the institution introduced successful November 2022, per The Wall Street Journal.

The inaugural primitively aimed to laic disconnected 7,000 employees. With the caller information of cuts, the full number of laid-off workers could tick up to 9,000 employees, pinch wide savings reaching $1.9 billion.

The layoff news arrived arsenic HP posted its fiscal first 4th 2025 net connected Thursday. Net gross for the institution was up 2.4% year-over-year, reaching $13.5 billion.

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