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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Bearys education announces ‘campus connect & talent hunt 2026,' offers up to 100% scholarships
Mangaluru: Bearys Education has announced the launch of its “Campus Connect & Talent Hunt 2026,” scheduled to be held on April 11 at the Bearys Knowledge Campus near Mangalore University in Innoli.
The initiative, aimed at promoting academic excellence and student empowerment, will offer scholarships of up to 100 percent on tuition fees for meritorious candidates.
The programme seeks to identify and support students aspiring to pursue Pre-University Course (PUC), degree, engineering and architecture programmes.
The event is open to students from SSLC (Class 10), PUC (Class 12), Diploma and ITI streams, along with their parents. Organisers said the day-long programme will focus on guidance, engagement and opportunities for students planning their academic future.
A Talent Hunt Examination will be conducted on April 11 at 9.30 am, with eligibility extended to students completing SSLC and PUC in 2026. Based on their performance, candidates will be considered for scholarships of up to 100 per cent.
The event will also feature a career guidance and counselling session led by Ameen-E-Mudassar, CEO of CIGMA. In addition, a technical and science expo showcasing student-led innovations, along with a food festival, will be organised as part of the programme.
Organisers stated that the initiative reflects the institution’s focus on quality education, personality development and integrity, while marking over 120 years of educational service.
Interested participants can register before April 8 by scanning the QR code provided in the official announcement (provided below) or by contacting 89704 96949, 81239 04351, or 99000 66888.
