HP to Layoff Nearly 6,000 Employees Owing to PC Market Decline

HP Inc. is a name that everyone is familiar with as it is one of the biggest multinational organizations involved in Information Technology IT) that develops and manufactures PCs, laptops, printers, among other things, including 3D printing solutions.

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Since the past few weeks, the news of Elon Musk laying off thousands of Twitter employees all over the world owing to lack of performance has been discussed time and time again, with Musk also initiating an ultimatum to his remaining employees to work harder or meet the same fate.

It looks like HP too has decided to follow in Twitter's footsteps and is in the process of laying of around 4,000 to 6,000 employees as the PC market has declined to an abysmal rate and it is this market decline that has become a major problem for all the tech companies in general.