Internal restructuring
Location of affected unit(s)
Germany, USA and Global
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities

4,000 - 6,000 jobs
Number of planned job losses
Job loss
Announcement Date
22 November 2022
Employment effect (start)
22 November 2022
Foreseen end date
31 December 2025


Hewlett Packard (HP) has announced a global restructuring, planning to reduce its workforce by 4000 - 6000 employees. This restructuring has been caused by a 'continued' drop in demand for commercial and consumer PC sales as well as lower than expected forecasts for 2023. The job cuts have been framed as part of the 'Future Ready Transformation Plan' for the company, which run for the next three years. Job cuts are said to begin at the start of the 2023 fiscal year. The departments which will be targeted have not been announced. However, Germany and America have been stated as the two primary locations where job reductions will occur.  

A previous restructuring event has been recorded for HP in the ERM Events Database. In 2021, a planned business expansion of 150 jobs in Ireland was announced (HP-2021-IE).



Eurofound (2022), Hewlett Packard (HP), Internal restructuring in World, factsheet number 108160, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108160.