A tech company that was already trimming its payroll said cuts will be much deeper than previously announced. The AP reports that HP Inc. is now saying it will cut between 3,000 and 4,000 jobs over the next three years.
“The cuts are in addition to 3,000 jobs that HP previously said it was trimming this fiscal year,” the AP notes. The company reportedly has about 50,000 employees worldwide.
“HP Inc. has been grappling with shrinking demand for PCs and printers as more people use smartphones and store documents and photos online,” the report notes. “CEO Dion Weisler hopes to build the business by selling more high-end PCs, office printers and 3D printing systems.”