HP CEO Enrique Lores has highlighted the significant challenges facing the company’s print division as customers opt to print fewer pages, noting a substantial 20% drop in the number of pages being printed compared with before the pandemic.
Speaking at Bernstein's 40th Annual Strategic Decision Conference (via The Register), Lores attributed this to the rise of hybrid working models, with fewer people in offices reducing the demand for printed materials and more workers prepared to access digital versions of documents on the go.
