Job cuts will impact HP


"Shares of the Palo Alto, California-based company fell 5.5% ‌in extended trading.

"HP's teams focused on product development, internal operations and customer support will be impacted by the job cuts, CEO Enrique Lores said during a media briefing call.

"'We expect this initiative will create $1 billion in gross run rate savings over three years,' Lores added.⁠"


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