After Twitter or Facebook, HP in turn lays off thousands of employees

This new strategy […] it will allow us to better serve our customers and create long-term value by reducing our costs and reinvesting in key areas for the future,” an HP spokesperson said. With the layoffs, it hopes to save $1.4 billion annually. year over the next three years.

The economic crisis is reaching technology

Recently, its Silicon Valley neighbors Meta (Facebook, Instagram), Elon Musk-acquired Twitter, Lyft (chauffeur-driven car booking platform), Salesforce, and Stripe (online financial services), among others, announced substantial cuts of the workforce.

While the pandemic had largely benefited the technology sector, the economic crisis reached its companies, some of which had hired a lot, betting on strong growth over time.