HP will lay off around 100 employees in Israel, with most of the job cuts coming from its digital printing division, HP Indigo. Some of the layoffs will come from HP's marketing system and headquarters, which manages sales activities in the country, according to Israeli news website themarker.com.
HP laid off 4,000 employees worldwide by the end of 2025, equivalent to 7 -- 11 per cent of its workforce, according to the layoffs last November. The layoffs are part of the company's Future Ready Transformation Plan, which it hopes will result in annualized gross run rate cost savings of at least $1.4 billion and restructuring and other charges of approximately $1 billion by the end of fiscal 2025.
HP said the decision to lay off employees in Israel creates capacity to focus on growth priorities while adapting to current market challenges. HP continues to innovate and create customer value and continues to drive the continued digitisation of industry with agility, creativity, and cutting-edge technologies. We are committed to treating people with transparency, fairness, compassion, and respect. HP has a strong presence in Israel with a workforce of 2,600 people. The company had laid off 60 employees from its Netanya branch.