San Francisco: An American multinational information technology company Hewlett-Packard (HP) Inc today said that is has decided to cut jobs in between 3,000-4,000 in the next three years.
The HP Inc chief executive officer Dion Weisler told media persons during a meeting in New York yesterday that the move, in addition to 3,000 layoffs that HP announced previously, is needed due to slumping demand for personal computers and printers.
HP released its Financial Outlook report for fiscal year 2017 on the same day, 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.
The company has about 50,000 employees now, which splits last year from Hewlett Packard Enterprise, or HPE.
Its chief financial officer Cathie Lesjak said if the cuts get up to the 4,000 level, about 1,000 jobs may be outsourced.