HP Indigo digital printing division, which has 2,500 employees in Israel, informed its employees this morning that 4-5% of the company’s employees in Israel, about 10 employees, will be let go. The lays will be throughout the company’s development center in Ness Ziona and ink plant in Kiryat Gat with no focus on any particular department. Several months ago HP cut 12% of its workforce worldwide.
RELATED ARTICLES
HP merges Scitex into Indigo, lays off 60
HP said, HP continues to invest in its activity and production centers in Israel and in the business growth of the industrial printing division. These steps, which are taken in accordance with the current market challenges, will allow the company to reorganize and focus on its growth engines. HP will continue to innovate and create value for its customers while focusing on the digitization processes with the help of advanced, flexible and creative technologies. We will continue to support the values of transparency, fairness, inclusivity and respect towards the company’s employees.”
Last October, HP laid off 60 out of 300 employees at another HP subsidiary in Israel – Scitex, which has a development center in Netanya and a production center in Caesarea. At the same time Scitex was merged into Indigo, which is responsible for industrial digital printing for consumer product packaging. As far as is known, there will be no more layoffs at Scitex as part of the current cuts.
HP is especially sensitive to the fall in personal computer and home printer sales. Due to industrialization in the field of private computing, many households are saturated with computing equipment purchased during the Covid pandemic, with with the end of lockdowns, and the return to work in offices and the economic recession resulting in fewer private and business customers purchasing computers and printers. In the field of industrial printing in which Indigo operates, the decline in consumer product sales in marketing chains is also adversely effecting sales.
Published by Globes, Israel business news – en.globes.co.il – on February 19, 2023.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
