HP Inc. to cut additional 3,000 to 4,000 jobsStaff Writer | October 14, 2016
HP Inc. said it plans to cut between 3,000 and 4,000 jobs in the next three years.
Loss of jobs HP expects adjusted profit per share of up to $1.65
HP released its Financial Outlook report for fiscal year 2017, which begins in November. It projected adjusted profit per share would be $1.55 to $1.65 in the new fiscal year, and cash flow of $2.3 to $2.6 billion.
HP, which split way last year from Hewlett Packard Enterprise, or HPE, now has about 50,000 employees. Its chief financial officer Cathie Lesjak said if the cuts get up to the 4,000 level, about 1,000 jobs may be outsourced. ■