HP Inc. says it plans to cut 7,000 to 9,000 positions, or as much as 16% of its workforce, as it prepares for a CEO transition in November (Nico Grant/Bloomberg)

Nico Grant / Bloomberg:
HP Inc. says it plans to cut 7,000 to 9,000 positions, or as much as 16% of its workforce, as it prepares for a CEO transition in November  —  - Fiscal 2020 adjusted profit to be $2.22 to $2.32 per share  — PC giant boosts share buybacks by $5 billion, dividend by 10%