Big Tech is bracing for more job cuts as HP Inc. (HPQ) said it will axe 10% of its staff, Dell (DELL) warned that sales are sliding, and Google prepares to designate 10,000 employees as low-performing, a potential prelude to mass staff reductions. The reductions come as a potential recession and post-pandemic decline in sales have led many technology companies to reevaluate staffing needs. “At this point it’s prudent not to assume that the market will turn during 2023,” said HP CEO Enrique Lores. Read More...
Big Tech is bracing for more job cuts as HP Inc. (HPQ) said it will axe 10% of its staff, Dell (DELL) warned that sales are sliding, and Google prepares to designate 10,000 employees as low-performing, a potential prelude to mass staff reductions. The reductions come as a potential recession and post-pandemic decline in sales have led many technology companies to reevaluate staffing needs. “At this point it’s prudent not to assume that the market will turn during 2023,” said HP CEO Enrique Lores.
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