HP News
16 articles
HP has 2,500 employees in Israel.
HP is expected to lay off between 50 and 90 employees in Israel as part of a broader cost-cutting initiative. This move is part of a larger reorganization plan that was first announced in November 2022, aimed at reducing the global workforce by 9,000 jobs. Despite a recent increase in server supply to AI factories, HPs third-quarter results showed only a 3% rise in sales, with adjusted profits falling from $800 million to $700 million. The company aims to save $300 million by the end of its fiscal year in October 2025. The layoffs are part of a planned process to cut costs globally.
Layoffs
/PRNewswire/ -- Bria, the leading visual generative AI solution built for enterprise, and HP, the global technology leader and world's first digital printing...
Bria, a leading visual generative AI solution, has collaborated with HP and Eurostampa on the Envelope 8 project to create 9,000 unique Nutella labels. This initiative leverages Gen-AI and advanced digital printing to push the boundaries of personalization and artistic expression. The project involved students from top universities and focused on using AI to transform label design through various art movements. Brias platform, integrated with HPs SmartStream Designer, enabled the creation of these labels, showcasing AIs potential in the variable data printing industry. This collaboration highlights the transformative potential of combining AI, design expertise, and digital printing technology, setting a new standard for customized product packaging.
Partners
HP Indigo laying off dozens of employees in Israel
HP Indigo Digital Presses in Israel is laying off dozens of its workforce of 2,400, about 2% of its workforce at its plants in Ness Ziona and Kiryat Gat. This follows a previous round of layoffs in February, when the company laid off 100 employees across all departments. These layoffs are part of a wider streamlining process by parent company HP, which plans to lay off 12% of its global workforce over three years from November 2022.
Layoffs
HP laying off 100 employees in Israel | CTech
HP is laying off 100 employees in Israel as part of its global cutbacks. This move is in line with the companys plan to lay off between 4,000-6,000 employees by the end of 2025. The layoffs are expected to save HP $1.4 billion over three years. HP continues to invest in its facilities in Israel and remains focused on driving the digitization of industry. The layoffs follow previous job cuts in 2019 and the consolidation of HPs activity in Israel under the Indigo division, which was acquired by HP in 2001.
Layoffs
HP lays off 60 employees in Israel | CTech
HP has laid off 60 employees from its Netanya branch in Israel, which previously served as a site for Scitex Vision. Most of HPs activity in Israel will now be concentrated under Indigo, which HP acquired in 2001. The Netanya office will only maintain a small team to support clients. HP Scitex manufactures digital printers for the packaging and signage sectors and has offices in Netanya and a production center in Kiryat Gat.
Layoffs
שינויים ב-HP: חיים לויט ימונה לסגן נשיא בחברה, נועם זילברשטיין ימלא את מקומו כמנכ''ל אינדיגו כלכליסט
Haim Levi, the CEO of HP Indigo, the digital printing division of HP, has been appointed as the Senior Vice President and CEO of the Industrial Print division at HP. Noam Zilberstein will replace Levi as the CEO of HP Indigo. Levi will oversee various business units and global organizations in the digital printing field at HP. Levi has been with the company for 27 years and has held several senior management positions. Zilberstein has served as the COO of HP Indigo and has led the global operations of the printing and supplies divisions. The management changes aim to drive growth and expansion in the digital printing technology and solutions of HP Indigo.
Management Changes
Hewlett Packard Enterprise acquires cloud data management company Zerto for $374 million
Hewlett Packard Enterprise (HPE) is acquiring Israeli startup Zerto, a leader in cloud data management and protection, for $374 million. Zerto develops disaster recovery and business continuity software for virtualized infrastructure and cloud environments. The acquisition expands HPEs GreenLake and boosts its shift to a cloud-native, software-defined data services business. Zertos technology includes disaster recovery, backup, and data mobility in a single cloud data management and protection solution. The transaction is expected to provide an unparalleled experience for customers and partners of both companies.
Acquisition
HP's demand to fire hundreds of employees led to departure of Indigo's GM
Alon Bar-Shany, the general manager of HP Indigo, has announced his resignation after 25 years with the company. Bar-Shany was opposed to the widescale layoffs that HP is planning in Israel, which is expected to remove the main barrier preventing the parent company from implementing the layoffs. HP has appointed Haim Levit as the replacement for Bar-Shany. The restructuring plan announced by HPs president and CEO, Enrique Lores, aims to cut the companys workforce by 7,000-9,000 employees. Indigo employs around 2,800 people in Israel. The reason for the restructuring is believed to be the stagnation in the companys sales. Bar-Shanys departure was not officially announced by HP.
Management ChangesLayoffs
Alon Bar-Shany to leave HP Indigo after 25 years
HP Indigos long-serving general manager, Alon Bar-Shany, is leaving the company as part of a re-organization. HP has been attempting to carry out a restructuring, but Bar-Shany has opposed it. The company has decided to push ahead with the changes to adjust its operations to new global developments. Bar-Shany will be replaced by Haim Levit, who has held senior positions at HP for the last 15 years. HP Indigo employs 3,000 people in Israel and 4,000 more worldwide.
Management Changes
HP-Indigo to force employees on extended Passover leave
HP-Indigo, a digital printing company, has extended its employees vacations to over two weeks, resulting in a loss of three working days. The company is also likely to cancel its holiday gifts to its employees. HP-Indigo is one of Israels largest exporters and has annual sales in excess of $1 billion. The company has not been significantly affected by the coronavirus outbreak, but its activity in Asia may be affected. HP-Indigos extension of vacations coincides with worldwide cutbacks by HP, which announced layoffs and a takeover bid by Xerox Holdings. In response, HP announced a $15 billion buyback of its shares to thwart the takeover bid.
Layoffs
Four of the Top Fifteen Acquisitions of Israeli Companies Occurred in 2018
The article discusses the 15 largest startup acquisitions in Israeli history. The largest acquisition was of Mobileye by Intel for $15.3 billion in 2017. Other notable acquisitions include Frutarom by International Flavors & Fragrances for $7 billion in 2018, NDS by Cisco Systems for $5 billion in 2012, and Chromatis by Lucent for $4.7 billion in 2000. The article also mentions the acquisition of Waze by Google for $1.1 billion in 2013, and Viber by Rakuten for $900 million in 2014.
AcquisitionInvestment
Next-gen printers put through their paces at Kiryat Gat powerhouse Indigo
HP Indigo, a division of HP Inc., is a pioneer in digital printing. The company was acquired by HP in 2001 and has since become a local behemoth in Israel, with both R&D and manufacturing operations. HP Indigo recently unveiled its most advanced labels press, showcasing its newest technologies in digital printing. The companys digital technology has revolutionized the printing industry and has a market value of $22.18 billion in 2017. The digital printing market is expected to grow due to the demand for sustainable printing and the development of packaging and textile industries. HP Indigos technology allows for more versatile and emotionally engaging products, such as limited edition and personalized campaigns. The companys presses are market leaders in labels, folding cardboard, and flexible packaging.
CustomersInvestment
HP Negotiating Registration of Intellectual Property in Israel
HP Inc. is negotiating with the Israeli government and the Israeli tax authority regarding the registration of intellectual property in the country. The negotiations aim to determine the terms to be applied to the registration. The transfer of intellectual property to countries with lower tax rates allows multinational corporations to pay fewer taxes. Israel offers tax benefits to multinational tech companies, including a corporate tax rate of 6% and a dividends tax of 4%. The intellectual property being discussed is related to research conducted by HP Indigo, a digital printing company based in Israel. If HP agrees to register Indigos intellectual property in Israel, the company will benefit from reduced fees and a stable tax rate for the next ten years. The value of HP Indigos intellectual property is estimated at over $500 million.
PartnersInvestment
HP launches investment arm in US, Israel
HP is launching HP Tech Ventures, a corporate investment arm that will develop cooperation and investments in early stage technology companies. The focus will be on areas such as 3D printing, virtual reality, IoT, artificial intelligence, and smart machines. HP aims to provide startups with added value by leveraging its infrastructure and network of partners.
InvestmentPartners
HP Acquires Scitex Vision
