HP has around 51,000 employees worldwide, out of which it is about to cut 12%. The company will fire 6,000 of its employees by 2025.

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After Twitter, Google and Meta, now American technology giant Hewlett-Packard (HP) is also preparing for layoffs. According to the information released by the company, in the coming few years, the company is going to lay off 6,000 of its employees. According to HP, this job cut is about 12% of the company's global workforce.

At present, the company has around 51,000 employees worldwide. The company will reduce the number of its employees by 12 percent by 2025, that is, in the coming three years, the company will remove 6,000 of its employees from the job.

CNBC quoted the company as saying that the company aims to save at least $1.4 billion by the year 2025. According to the information, the company spends about $ 1.0 billion in labor and non-labor costs related to restructuring and other charges, which it is preparing to reduce to $ 0.6 billion in the coming financial year. The rest will be distributed almost equally between the financial years of 2024 and 2025.

HP CEO and President Enrique Lores said that the company is working on a future strategy to provide better service to its customers and reduce costs, so that in the coming times the company's economic condition will be strong as well as in business. may also increase.

HP has joined the list of job-cutting companies, which have decided to cut costs in view of the global recession and have laid off employees on a large scale. Earlier, Amazon, Twitter, Meta and Google have decided to lay off companies.