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Time: 2022-12-02 10:09:57
Author: Zhuhai XinYing Technology Co., Ltd.
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Last Tuesday, HP declared they will shed 4000 to 6000 staffs in 3 years.

In one of the announcement, HP declared its Futue Transition Project they will reduce expense for more than 1,400,000,000 USD in years, including reduce 1,000,000,000 USD for recombine. In this 1000 million, 600 million will be reduced from year 2023. Other 400 million will be shared from 2024-2025.
HP has about 5,1000 staff till October 2021. HP declared they will shed 7000 to 9000 in 2019.
Last Tuesday, HP released their Financial Report, it showed the 4 quarter decreased 0.8%. Private Market department including PC sales decreased 13%.
HP announced low Profit Estimation in the same day, estimate 70-80 cents per stock share. This is lower than analyst from Refinitiv which was 86 cents.