US Tech Giant Hewlett Packard Plans Up to 6,000 Job Cuts

The logo for The Hewlett-Packard Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, June 27, 2018. REUTERS/Brendan McDermid/File Photo
The logo for The Hewlett-Packard Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, June 27, 2018. REUTERS/Brendan McDermid/File Photo
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US Tech Giant Hewlett Packard Plans Up to 6,000 Job Cuts

The logo for The Hewlett-Packard Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, June 27, 2018. REUTERS/Brendan McDermid/File Photo
The logo for The Hewlett-Packard Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, June 27, 2018. REUTERS/Brendan McDermid/File Photo

PC-maker Hewlett Packard on Tuesday said it would layoff as many as 6,000 employees over the next three years as the slumping world economy continues to embroil the US tech sector.

HP, which has a payroll of about 61,000 people, said it aimed to secure $1.4 billion in annual savings through 2025 as it followed the cost-cutting path of other tech giants such as Facebook-owner Meta, Amazon and Twitter.

The plan "will enable us to better serve our customers and drive long-term value creation by reducing our costs and reinvesting in key growth initiatives to position our business for the future," HP CEO Enrique Lores said in a statement.

Meta said earlier this month it will lay off more than 11,000 of its staff and Twitter saw half of its 7,500-strong employees culled just days after the company was taken over by billionaire Elon Musk in late October.

"These are the toughest decisions we have to make, because they impact colleagues we care deeply about. We are committed to treating people with care and respect..." an HP spokesperson said in an email to AFP.

HP, which makes computer hardware and printers, announced the layoff plan as it announced an 11.2 percent fall in revenues to $14.8 billion for the final fiscal quarter of 2022.



China Welcomes Apple's Continued, Deeper Presence

Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024).  EPA/XINHUA / Cai Yang
Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024). EPA/XINHUA / Cai Yang
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China Welcomes Apple's Continued, Deeper Presence

Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024).  EPA/XINHUA / Cai Yang
Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024). EPA/XINHUA / Cai Yang

US tech giant Apple Inc is welcome to continue deepening its presence in the Chinese market, Commerce Minister Wang Wentao told its Chief Executive Tim Cook during a meeting on Friday, the ministry said in a statement.
The remark mirrored the exchanges between China's Minister for Industry and Information Technology and Cook during a meeting earlier this week in Beijing.
China is willing to help return Sino-US economic and trade ties to a healthy and stable track of development through regular exchanges between government and enterprises, Wang added.
China will further optimize the business environment and continue to provide quality services for foreign enterprises, Wang said, but also told Cook that the highlighting of national security "is not conducive to normal economic and trade exchanges.”