I'm pretty sure nobody is actually surprised by this news. This just has me extra worried for the next year.
https://www.peoplemattersglobal.com/article/rewind2019/heres-a-list-of-major-layoffs-across-the-globe-in-2019-23991?utm_source=peoplematters&utm_medium=interstitial&utm_campaign=learnings-of-the-day
Go over to the Oracle page. There are people there who think that companies that preannounce their massive layoffs are benevolent. So count your blessings that you work at HP!
"Worried about what exactly?"
The OP is worried about his or her job...retaining it. This is after all, a layoff message board.
Worried about what exactly? That companies are cutting down workforce & costs? Nothing new there.