8 October 2019
HP To Cut Staff By 9,000
PALO ALTO, CALIF—
HP Canada Head Office
HP Canada Head Office
HP will shed up to 9,000 jobs, 16% of its workforce, over the next three years as the group implements a new simplified structure. Worldwide headcount will be reduced by between 7,000-9,000 employees. The restructuring will cost around $1bn . HP employed 55,000 people worldwide in 2018.
Printing industries largest supplier
Printing industries largest supplier
Savings would come from a simplified go-to-market model and the elimination of regional operating layers and overhead, as well as the consolidation of HP's manufacturing and R&D footprint and the rationalization of platforms and a simpler portfolio. No disclosure if Canada or the US  will loose staff has been made. 
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Shame says:
Zebra Paper was great at making these products at much lower prices - what a sad move....
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