HP to Cut 4K-6K Jobs, Shares Drop
Update: 2025-11-25
Description
HP Incorporated, a leading computer and printer manufacturer, plans to cut 4,000 to 6,000 jobs and projects lower earnings for the upcoming fiscal year, causing a 5% drop in its shares. Despite beating earnings expectations in the recent quarter, the companys adjusted net earnings per share for the first quarter of fiscal year 2026 are projected to be between 73 and 81 cents, below the consensus of 79 cents. For the full year, earnings per share are expected to be between $2.90 and $3.20, lower than the $3.33 analysts had anticipated. The company cites increased costs due to US trade regulations and recent layoffs by other tech firms as factors impacting its outlook.
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