HP Cuts Jobs as Recession Looms for Big Tech

Big Tech is bracing for a tough road ahead as HP Inc. said it will axe 10% of its staff, Dell warned that sales are sliding, and Google prepares to designate 10,000 employees as low-performing, a potential prelude to mass staff reductions.

The reductions come as a potential recession and post-pandemic decline in sales have led many technology companies to reevaluate staffing needs. HP will cut 4,000 to 6,000 employees in the next five years, aiming to save $1.4 billion a year.

“At this…