HP plans to lay off 3,000 to 4,000 employees over the next three years as it works to trim costs, it said on Thursday.

The printer and computer business, which was recently split off from the sexier cloud and software business now called Hewlett Packard Enterprise, has continued to struggle amid declining demand for its products.

“I’m proud of the progress we have made in our first year as the new HP,” said CEO Dion Weisler, who added that “our markets remain very challenged.”


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