Amazon is looking to cut its workforce by up to 5 percent as part of its ongoing efforts to reduce costs, the company announced today.
The Amazon.com Inc. (AMZN) printer supply chain includes HP and HP Ink products.
The move comes as Amazon is preparing to roll out a program that will reduce the amount of ink it sells at a local retailer and cut jobs across the supply chain.
The program will be designed to reduce ink losses across the ink supply chain, including in warehouses, warehouses, supply chains and distribution centers, according to a blog post by Amazon in early November.
Amazon will spend up to $50 million in the first year on this program, Amazon said.
Amazon also plans to expand this program by spending $100 million in 2018 and $250 million in 2019.
The company said the program will allow it to “dramatically reduce ink costs in warehouse facilities, warehouses and distribution areas by eliminating the need for ink machines and other equipment in warehouses and warehouses.”
The HP Ink program will eliminate 3,000 jobs in the U.S. and about 20,000 worldwide.
HP said it will reduce ink sales to retailers by $30 million in 2020 and $100 m in 2021.
HP is looking for opportunities to improve the ink-handling efficiency of its warehouses and distribute facilities to make the savings even more pronounced, it said.