HP CEO on Job Cuts, Manufacturing Plans and AI
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HP Inc. plans to cut over 1,000 jobs and is considering moving manufacturing back to the US. The company provided a profit outlook for the current quarter that fell short of expectations due to rising component costs and tariffs on Chinese goods.
February 28, 2025 | 4:15 pm
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HP Inc. is cutting over 1,000 jobs and considering US manufacturing. The profit outlook is below expectations due to rising costs and tariffs.
The job cuts and potential manufacturing shift indicate cost-cutting measures, which could initially unsettle investors. The lower profit outlook due to rising costs and tariffs suggests financial challenges, likely leading to a negative short-term impact on HPQ's stock price.
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