HP to axe 6,000 jobs after tough Q4 earnings

HP Inc. on Tuesday said it would eliminate between 4,000 to 6,000 people from its workforce by 2025 after a tough fourth-quarter earnings report showed a year on year revenue drop of 11.2 per cent to $14.8bn. Palo Alto, California-based HP had approximately 51,000 global employees as of December 2021, according to a regulatory filing. The company's annual net revenue held at $63bn in 2022, a 0.8 per cent decline from 2021 net revenue.  Still, notebook sales fell 23 per cent to $6.4bn...