More tech layoffs hit Bay Area, as HP, Autodesk announce job cuts
HP has been doubling down on investments in artificial intelligence as well. The company is betting more consumers will buy its personal computers filled with AI tools. Earlier in February, HP acquired Humane AI — the maker of a wearable AI pin that flopped amid consumer complaints and bad reviews — for $116 million.
HP Sees Weaker Profit on Tariffs; Will Cut Over 1,000 Jobs
HP Inc. gave a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China.
HP to Trim Up to 2,000 More Jobs in Expanded Cost-Cutting Push
The details of the layoffs came shortly after HP reported higher revenue in its fiscal first quarter, boosted by what Chief Executive Enrique Lores said was strong demand for its new technologies.
HP cuts 2,000 jobs, cites tariff concerns affecting earnings
HP announced Thursday that it will cut up to 2,000 jobs as part of an ongoing restructuring plan. The Bay Area tech giant expects to save $300 million by the end of its fiscal year in October 2025 due to the cuts,
HP CEO on Job Cuts, Manufacturing Plans and AI
Joining us now is Enrique Alvarez, HP CEO, as well as here on the desk with me, co-host of Bloomberg Technology Caroline Hyde. Enrique, let me first ask you about these job cuts. You're going to cut 2000 workers or as many as 2000 workers to save $300 million a year.
HP Inc. was proactive about the impact of tariffs, and it may be paying off
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HP Stock Drops After PC Maker Gives Weak Outlook and Steps Up Layoffs
HP stock fell, after the computer company said earnings would fall short of Wall Street estimates this quarter, and outlined plans to cut up to 2,000 more jobs. Late Thursday, HP reported higher ...
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Tech news website the Register, quoting internal HP memos, said the computer and printer giant tested "minimum 15-minute wait time" in February for calls, even if agents were available ...
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