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The layoffs come after SAP reported a 30 per cent revenue increase in its cloud business in the fourth quarter, helped by strong demand for its software, , SAP layoffs, layoffs
HP joins Meta, Amazon, and T-Mobile in laying off many of its employees. HP is joining other tech companies in laying off its employees. The popular tech giant recently revealed it would soon lay off many of its employees after its rapid growth and hiring spree during the onset of the COVID-19 pandemic.
HP and its subsidiaries announced fiscal 2022 net revenue of $63 billion, down 0.8 per cent from the prior-year period.
HP Inc currently employs nearly 50,000 people. The company has announced that it will sack around 4,000 to 6,000 employees in the coming years.
The company is laying off staff and eliminating positions that are currently open across a range of departments, it said