Computer company Hewlett Packard has confirmed it will scrap thousands of jobs in the next few years, with the impact on its Irish workforce unknown.
The news emerges as PC sales worldwide decline due to the cost of living crisis. The company employs a grand total of 50,000 staff internationally, with the planned cuts being phased in gradually until 2025.
Hewlett Packard’s sales initially underwent a hiring spree as computer sales skyrocketed during the pandemic. However, the demand for its products has declined over the past year.
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The announcement follows similar job cuts made by tech giants such as Meta and Twitter. These social media companies underwent similar hiring sprees during 2020 as engagement on their platforms took off.
The company will cut at least 4,000 jobs under the new policy. However, some predictions estimate that up to 6,000 jobs could be lost as the company tackles economic pressures.
Hewlett Packard’s Dublin base consists of offices in Sandyford and Lucan. It is not yet known whether job cuts are to be distributed evenly across its international offices.
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