The tech industry’s layoffs and hiring freezes: all of the news
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Job cuts are coming to a Silicon Valley original.
HP, one of the world’s largest PC vendors, according to data from Gartner, announced in an earnings report that it’ll lay off 4,000 to 6,000 employees by the end of 2025. According to numbers cited by CNBC, that’s between seven and 11 percent of its workforce.
This is just the latest in a series of large tech layoffs, not to mention that the PC market has also had an especially rough year following a pandemic boom.
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