HP to Let go Workers in Israel Amid Global Downsizings.

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Date: Sunday January 21, 2024 03:51:30 pm
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  • jim

    HP Indigo to let go Workers in Israel Amid Global Downsizings.
    HP Indigo, a division of HP Inc. that specializes in digital printing solutions, announced that it will lay off 50 employees in Israel as part of its efforts to streamline its operations and meet customer demands. This represents about 2% of its 2,500-strong workforce in the country.

    This is not the first time that HP Indigo has reduced its staff in Israel. In 2022, it slashed 100 jobs as part of a worldwide restructuring plan that aims to cut 4,000-6,000 out of 51,000 employees by 2025. It also closed its Netanya branch, which used to be the home of Scitex Vision, a company that HP bought in 2005.

    HP Indigo said in a statement that it is making some changes to its current structure that affect a small number of local positions. It added that these are the hardest decisions any company faces, and that it is providing financial and outplacement assistance to those affected. It also reaffirmed its commitment and investment to its HP Indigo team and business in Israel.

    HP Indigo was established in 1977 in Israel and was acquired by Hewlett-Packard in 2001. It produces and sells digital printing presses, consumables, and workflow solutions.

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