The list of companies Silicon Valley hit by the crisis continues to lengthen. The American manufacturer of personal computers and printers HP announced on Tuesday that it would lay off between 4,000 and 6,000 employees by 2025.
The company currently has around 61,000 employees, some 10,000 more than a year ago. With the layoffs, she hopes to save $1.4 billion a year over the next three years.
Objective: “create value over the long term”
“This new strategy (…) will allow us to better serve our customers and create long-term value by reducing our costs and reinvesting in key areas for the future,” said an HP spokesperson. . In its 2022 fiscal year, which ended at the end of October, HP achieved a turnover of 63 billion dollars, down 0.8% over one year, from which it generated a net profit of 3.5 billion dollars, halved over one year.
Recently, Meta (Facebook, Instagram), Twitter, Lyft (car booking platform with drivers), Salesforce and Stripe (online financial services), among others, have announced significant staff reductions. While the pandemic had largely benefited the tech sector, the economic crisis caught up with its companies, some of which had hired a lot, betting on strong growth over time.
