HP Inc. to Cut 3,300 Jobs Over Three Years After Split

HP Inc., the personal computer and printer business that will emerge when Hewlett-Packard Co. splits into two separate companies, will cut about 3,300 jobs over three years, beginning with 1,200 next year, said Chief Financial Officer Cathie Lesjak.

The new company will take a charge of $300 million for restructuring as a result of the split, Lesjak said Tuesday in a meeting with analysts. Earlier, Hewlett-Packard said the other new business, Hewlett Packard Enterprise, will cut 25,000 to 30,000 jobs as part of the scheduled November breakup.