HP laying off 100 employees in Israel
HP laying off 100 employees in Israel
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
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.
"HP continues to invest in its HP Israel facilities, manufacturing and growing the industrial business," HP said in a statement. "This decision creates capacity to reinvest in growth priorities while adapting to current market challenges. HP continues to innovate and create customer value and remains focused on driving the continued digitization of industry with agility, creativity, and cutting-edge technologies. We are committed to treating people with transparency, fairness, compassion, and respect."
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.
HP Scitex was part of the conglomerate’s industrial activity, manufacturing digital printers, mainly for the packaging and signage sectors.
HP Indigo Division is a division of HP Inc.'s Graphic Solutions Business. It was founded in 1977 in Israel and acquired by Hewlett-Packard in 2001. HP Indigo develops, manufactures, and markets digital printing solutions, including printing presses, proprietary consumables/supplies, and workflow solutions.
