Stefan Mileschin

Decimation of company

The maker of expensive printer ink HP has decimated its staff claiming that is justified due to the Covid-19 pandemic.

While HP must have made a killing as businesses rushed to buy hardware so their staff could work from home, during the pandemic, it appears that Covid is now being used as the reason for PC sale's slumping.

The computing giant has revealed its 2022 fiscal year results, showing fourth quarter revenues down 14.8 per cent compared to the same period last year so the answer is getting rid of ten per cent of staff.

The mass layoffs come after HP expanded the workforce by around 10,000 workers compared to this time last year.*

In what it calls its “Fiscal year 2023 Future Ready transformation” and anyone else might call “a slew of cost-cutting measures”, HP claimed it would make savings across around “digital transformation, portfolio optimisation and operational efficiency.” At some point, history will say that workers killed managers who used this sort of language, particularly when they come to announce job cuts, and humanity generally benefited.*

https://fudzilla.com/news/55883-hp-decimates-staff