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1 July 2020
HP Indigo Cuts Staff In First Wave
ISRAEL—
Indigo has let 102 employees go and cut contracts with 30 freelancers. Earlier this month, the company’s longtime general manager Alon Bar-Shany resigned . The company’s new general manager is Haim Levitt who previously ran the company’s GTM division. This is believed to be the first wave of layoffs in the HP Indigo division.
Indigo employs 2,800 people in Israel and 1,000 more across the world. Sales of HP Indigo’s digital printers reach an estimated $1.5 billion a year. CEO of HP Lores announced a reorganization plan that will begin in 2020 and end in 2022 and which will include cutting the company's workforce by 7,000-9,000 employees, or up to 16% of the 55,000 people working for HP around the world.
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