Palo Alto, California-based HP said about 100 workers will lose their jobs over the next three months and as many as 250 more jobs could be cut in the following months, the Associated Press reported.
HP, which employs about 2,000 people in its Vancouver location, said it has decided to send more of its printer production to outside contractors which would turn the Vancouver operations into a North American hub for designing and marketing inkjet printers for home and office use, according to AP.
While details were not set, an HP spokeswoman told AP that HP employees will be offered a voluntary severance package, but the company will lay off workers if its targets aren't met.
As previously reported, HP had announced major reorganization plans in early March that consisted of splitting up its test and measurement division into a separate company.
Yesterday, an HP company executive said HP plans to announce in about a month a new chief executive to replace CEO Lewis Platt, who announced his retirement plans in conjunction with the company's reorganization plans.
The new CEO, who will likely come from the high-tech industry, is a key part of the company's reorganization into two separate companies, the larger one to focus on computing and imaging and the smaller to take over test and measurement operations.