06:31 AM EST, 02/28/2025 (MT Newswires) -- HP (HPQ) said late Thursday that it expects incremental workforce reductions between 1,000 to 2,000 employees as part of its ongoing restructuring plan.

The company said it expects to save $300 million in fiscal 2025 on annualized basis, bringing total savings to $1.9 billion by the end of fiscal 2025.

The computer company said the restructuring would also incur about $150 million in additional charges, totaling around $1.2 billion over the course of fiscal 2023 through fiscal 2025.