Economy & Economic Development  October 4, 2019

HP plans to cut 7,000-9,000 globally

PALO ALTO and FORT COLLINS — HP Inc. (NYSE: HPQ) plans to cut thousands of jobs around the world in its fiscal year 2020 as part of a cost-cutting measure, but it’s not clear how many employees it’ll affect in Fort Collins.

The Palo Alto-based computing giant said in filings with the U.S. Securities and Exchange Commission Thursday night that it hopes to reduce its workforce between 7,000 to 9,000 employees in the coming months via “employee exits” and early retirements. The company expects to pay up to $1 billion through fiscal year 2022 during the larger…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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