The computer and printer manufacturer HP is planning job cuts in view of falling PC demand. In the next three years, the group wants to cut 4,000 to 6,000 jobs, as announced on Tuesday after the US stock market closed.

The job cuts are part of an austerity plan aimed at reducing annual costs by $1.4 billion a year by the end of fiscal 2025. However, HP initially expects that the restructuring of the group will lead to charges of around one billion dollars.

Other large tech companies, including Facebook parent Meta, the world's largest online mail order company Amazon and the short message service Twitter, which was taken over by Elon Musk, had also announced significant staff cuts in recent weeks.