HP Israel is laying off 100 employees, including some of the company’s contractors. The move is being made as part of the technology giant’s global cutbacks and the laid-off employees will come from across the company’s divisions in Israel, which employ a total of around 2,500 people.
HP announced last November that it would be laying off between 4,000-6,000 of its 51,000 employees by the end of 2025, accounting for up to 12% of the total workforce. According to the company, this move is set to save it $1.4 billion over three years. HP also laid off between 7,000-9,000 people in 2019.
The latest layoffs come on the back of HP laying off around 60 employees from its Netanya branch last October which previously served as a site for Scitex Vision, sold to HP in 2005. Following the layoffs, most of HP’s activity in Israel is concentrated under Indigo, which HP acquired in 2001.
