HP cuts up to 4,000 jobs worldwide
US computer company HP Inc has said it expects to cut 3,000 to 4,000 jobs over the next three years.
The hardware business of the former Hewlett-Packard announced the plans as part of a larger restructuring effort.
It is hoped the cuts will generate some $200m (£163m) to $300m in annual savings for the firm, but they are expected to cost up to $500m in charges.
HP also issued a lower-than-expected earnings guidance for next year.
The company said it expected adjusted profit for the fiscal year 2017 to be between $1.55 and $1.65 per share.
Hewlett-Packard split into two businesses last year:... read more
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