People of the United States are constantly worrying about the state of the job market and the nation’s economy. While both have had some notable improvements over the past few years, some people are still struggling with this. One company is going to impact the lives of several of its employees. PCWorld is reporting that HP is going to cut about 4,000 jobs over the next several years. The news comes as a shock to many people employed by the company.
The news came to the public on Thursday evening. PC World is reporting that the company is expecting to make the cuts in employees over the next three years. Because HP has recently split into two separate companies (one that focuses on software sales, and another focusing on the sale of actual personal computers), the business felt the cuts were necessary to keep the company in good financial standing.
According to BBC News, the company is projecting that their earnings this year will be lower than originally expected. With the company split, the cutting of employees will, again, help them to be able to make decent earnings this year. Unfortunately, this is not the first time HP has had to cut down on its employees. BBC News is also reporting that the company has made several thousand cuts over the past few years as they have changed and transitioned.
HP is a major employer for a lot of people. The news of the loss of jobs has people not only worried for those who will have to find new work, but for the company as a whole. As HP continues to make changes, people of the world must wait and see how the company will make changes.
