Low demand for computers: HP to lay off 6,000 employees by 2025-end
Hewlett-Packard (HP) has said that more than 6,000 of its staff members might be laid off by the end of the fiscal year 2025 and cut down on its workforce globally by around 12 per cent.
The move would be taken at a time when the computer market is seeing a slowdown. In order to cope with this, HP might lay off 4,000 to 6,000 employees, out of the current figure of 50,000 employees, as reported by Reuters.
The computer maker expects the demand for its product to drop further and has forecast lower profits for the first quarter. Marie Myers, chief financial officer of HP, is learned to have said in a post-earnings call that many of the recent changes seen in current financial year are likely continue in the next. As a result, the company estimates that it will incur around $1.0 billion in non-labour and labour costs related to restructuring and other charges. HP expects to incur $600 million of this in the 2023 fiscal year and the rest in the following years.
Intel Corp too has been affected by the slowdown in demand for personal computer. There is a steep decline in demand for PC processors, which is Intel’s main product. The company is also struggling to regain the market share that it lost to rivals like Advanced Micro Devices Inc. In July, Intel had warned that its sale in 2022 would be roughly $11 billion lower than it previously expected.
It is planning to reduce its workforce, which stood at around 1.14 lakh in July 2022. Sources have said that the company is expected to cut down on about 20 per cent of its staff in some departments, including sales and marketing.
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LIVE | Election Results of five states 2026
New Delhi: The countdown has begun for the counting of votes for the Assembly elections in five states that have captured the attention of people across the country.
The counting of votes for the Assembly constituencies of West Bengal, Tamil Nadu, Kerala, Assam and the Union Territory of Puducherry will begin simultaneously at 8 am, and the fate of candidates in a total of 824 constituencies will be decided shortly.
The counting of postal ballots will take place first, followed by the counting of EVM votes in several rounds.
- Bhupen Borah, who recently left Congress and joined the BJP, is leading in Assam’s Bihpuria constituency
- Assam CM Himanta Biswa Sarma is leading in Jalukabari constituency
- BJP leader Suvendu Adhikari is leading in West Bengal’s Nandigram constituencyFive-state elections: Postal vote counting begins
- TMC, BJP lead in one seat each in West Bengal
- In Tamil Nadu, DMK leads in 3 constituencies, while TVK leads in 1
- UDF leads in 5 seats in Kerala, BJP in 1, LDF in 1
- BJP leads in 2 seats, AIUDF in 1 in Assam
- AINRC leads in 1 constituency in Puducherry
- TMC leads in 5 seats in West Bengal; Mamata Banerjee’s party maintains initial lead
- Tamil Nadu Chief Minister M.K. Stalin leads in Kolathur
- BJP takes early lead in Assam
- Congress-led UDF leads in Kerala
- In Tamil Nadu, TVK chief Vijay leads in the Perambur constituency, lags in Tiruchirappalli South
- BJP leads in 10 seats in Assam
- LDF candidate V.P.P. Mustafa leads in the Thrikkaripur Assembly constituency
- Out of 294 seats in West Bengal, BJP is leading in 14 seats, TMC in 12 seats, Congress in 2 seats
- Out of 234 seats in Tamil Nadu, DMK is leading in 15 seats, AIADMK is leading in 5 seats, TVK is leading in 2 seats
- Out of 126 seats in Assam, BJP is leading in 31 seats, Congress in 4 seats, AIUDF in 2 seats.
- Out of 30 seats in Puducherry, NRC+ is leading in 3 seats, Congress in 2 seats, TVK in 1 seat.
- Congress’ Adhir Ranjan Chowdhury suffers a setback in theBerhampore constituency in West Bengal.
