The computer and printer manufacturer HP wants to cut 4,000 to 6,000 jobs in the next three years. The American company announced this on Tuesday evening.
The job cuts are part of a plan to save $1.4 billion annually by 2025. The restructuring itself will cost HP about $1 billion, the company says.
HP senses the falling demand for PCs. The company reported the results of its last broken fiscal year on Tuesday and it shows that revenue from sales of computers has plummeted 13 percent to $ 10.3 billion. HP sold 21 percent fewer units, with 26 percent fewer laptops and 3 percent more desktops. Printer sales fell 7 percent to $4.5 billion (number of units sold -3 percent).
In recent weeks, several American technology companies have already announced massive job losses. For example, Facebook mother Meta, e-commerce giant Amazon and social networking site Twitter deleted thousands of jobs.