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HP to cut as much as 16% of workforce

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HP Inc. announced plans to slash as much as 16% of its workforce.

That equates to 7,000 to 9,000 job cuts through firings and voluntary early retirement plans.

The personal computer company expects to save about $1 billion by the end of fiscal 2022 with the cuts. It's part of a restructuring designed to cut costs and boost sales growth.

Read more from Bloomberg.


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