The latest to join the restructuring bandwagon is California-based information technology firm, Hewlett Packard (HP), which announced on Tuesday it would slash as many as 4,000-6,000 jobs by 2028 amid an increasing shift towards artificial intelligence.
As part of the company announcement, HP CEO, Enrique Lores, said that the move is in alignment with their plans to streamline operations and ramp-up product development, boost productivity, and enhance customer satisfaction. Lores said staff from teams working on product development, internal operations, and customer support is expected to be impacted.
The CEO also spoke about the potential impact of layoffs during his media briefing, saying the company expects to create about $1 billion in gross run rate savings over the next three years.
Earlier this year, HP had sacked over 2,000 of its workforce as part of its previously announced restructuring plan.
Also Read: TCS carries out its largest layoffs
Additionally, Apple announced on Monday it is cutting jobs across its sales teams, including those working with government agencies, including the US Defence Department and Jutsice Department, account managers serving major businesses, schools, and staff who operate Apple’s briefing centres for institutional meetings and product demonstrations for prospective customers, say a report by a foreign news agency.
While the tech giant maintained that only a small number of roles will be impacted by the layoffs, a spokesperson for the company said they’re continuing to hire and the affected employees have been asked to apply for new roles.
As per reports, Apple had notified the affected workers over the past few weeks, but refrained from divulging the actual number of employees impacted. The news comes weeks after the iPhone-maker slashed about 20 roles in its teams based in Australia and New Zealand.
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