HP India may cut 500 jobs, say analysts

Personal computers and printers maker HP may cut nearly 500 jobs in India as part of its global restructuring plan, analysts said.

The company last week said it would let go 7,000-9,000 employees globally by 2022 as part of a restructuring of operations intended to cut costs.

The company (in India) would be impacted by the cost savings plan, and PC growth was slowing in the country, people aware of HP’s India plans and analysts told ET.

“There will be job cuts here. They have discontinued some models and PC growth is slowing, aside from government project orders which are not consistent,” one person who is privy to the plans told ET.