The layoffs come as part of cost-saving measures the company says it will undertake to strengthen their financial profile by better aligning their cost structure to their business mix and long-term strategy.
  • ivanafterall ☑️@lemmy.worldEnglish
    3·
    6 days ago

    I wonder why they went with “cost-saving measures” instead of “profit-boosting measures.”

    The layoffs come as part of cost-saving measures the company says it will undertake to strengthen their financial profile by better aligning their cost structure to their business mix and long-term strategy.

    🤮

    • regrub@lemmy.world
      3·
      6 days ago

      I’m starting to think there is no long-term strategy and all these big tech companies are just chasing short term gains

  • regrub@lemmy.world
    1·
    6 days ago

    The same HP that was in the news last month for buying the assets of the failed Humane AI Pin startup for $116M.

    Edit: apparently not the same HP, but similar management styles