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HP to cut as many as 4000 jobs before 2019

HP, the hardware business of former Hewlett-Packard, said it expects to cut about 3000 to 4000 jobs over the next three years.

The company now expects adjusted profit for fiscal 2017 to be $US1.55-$US1.65 per share. Analysts on an average had expected $US1.61 per share, according to Thomson Reuters I/B/E/S.

HP said it is increasing its share repurchase program to $US3 billon ($4 billion) for future repurchases.
HP said it is increasing its share repurchase program to $US3 billon ($4 billion) for future repurchases. Photo: supplied

HP also said it is increasing its share repurchase program to $US3 billon ($4 billion) for future repurchases.

Reuters