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…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!