More trouble mounts for companies in the tech space. We’ve heard of the likes of Samsung, LG, HTC, Lenovo and even Microsoft shedding blood. They’re making huge changes, sacking staff to cut costs all in the name of remaining profitable. It’s a cold world indeed.
HP has just joined the list of bleeding firms. Reports from Recode says that in a big restructuring plan, HP is sacking over 30,000 of their staff. To save costs, they also plan to retain more staff only in countries where cost of labor is cheaper.
That’s not all. The PC maker is also splitting into two divisions: HP Inc. to focus on the PC and printing business, and HP Enterprise, focusing on corporate computing, software and services.