Of late, several top tech giants in the world are taking strict moves to minimise their operating costs by cutting the jobs of their employees. In the past few weeks, reputed companies Meta, Twitter, Google, Accenture, Amazon, and many others have laid off thousands of workers owing to poor macroeconomic situations.
The latest news is that The Hewlett-Packard Company (HP) is said to be planning to cut jobs by the end of its 2025 fiscal year. As per media reports, the company will probably lay off nearly 6,000 employees, which is roughly 12 per cent of its global workforce.
HP currently employs roughly 50,000 workers, and the layoff would lead to 4,000 to 6,000 job losses. It remains unclear the layoffs would impact which departments.