HP and Xerox are getting together to save $2 billion. Maybe they will invite TDC to a threesome and cut even more. The layoffs created from the threesome would be scary.
Last month, HP said it will cut between 7,000 and 9,000 jobs by the end of fiscal 2022 as part of a broader restructuring plan that it estimates will save $1 billion a year. That would amount to almost 16% of its 55,000 employees worldwide, according to FactSet.