image credit : HP

HP Inc, The popular American technology company which provides PCs and other devices and machines used in so many homes and offices worldwide is currently moving on with plans of restructuring the company in order to focus more on innovation and also lower costs in the long term and with this on-going move, The company is forecasting that it may see up to 4,500-5,000 employee exits by the end of its next fiscal year due to this restructuring being under-taken at the company.

The company which was formed 3 years ago following a split between different units of the prior HP company as a whole is expected to see charges of about $700 million pre-tax due to severance, infrastructure restructuring and other costs related with these job cuts.

The company which had over 49,000 employees as of last year’s headcount counts this as a 1,000 figure increase from the number of lay-offs it expected to have come about relating to this restructuring efforts.

The company which had over $50 Billion in revenues last year is currently fairing very well on the stock market and is increasing revenues through the sale of a huge number of PCs, Printers and other computer devices and accessories worldwide to a swath of customers of which over 60% of their revenues come from outside the United States where it’s based.

The company has also been scaling up R&D efforts recently and is also heavily and increasingly involved in the provision of 3D printing solutions to consumers around the globe.

HP Inc is currently led by Dion Weisler and also counts Levi Strauss & Co CEO Chip Bergh as its chairman.

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