In today’s Bulldog wrapup of technology news:

  • HP Inc. will cut 3,000 to 4,000 jobs over next 3 years
  • Verizon says Yahoo data breach had a “material” impact
  • Verizon closing call centers 5 states
  • Amazon adding 120,000 workers to meet holiday demand
  • SoftBank sets up technology fund with $100 billion potential 

The details:

  • HP Inc. will cut 3,000 to 4,000 jobs over next 3 years

HP Inc. says it will cut 3,000 to 4,000 jobs over the next three years as it faces continued challenges in the markets for personal computers and printers.

The cuts are in addition to 3,000 jobs that HP previously said it was trimming this fiscal year. A spokeswoman said the company has about 50,000 employees worldwide.

HP Inc. has been grappling with shrinking demand for PCs and printers as more people use smartphones and store documents and photos online. CEO Dion Weisler hopes to build the business by selling more high-end PCs, office printers and 3D printing systems.

HP Inc. is one of two companies formed last year by the break-up of the old Hewlett-Packard, Inc. The other, Hewlett Packard Enterprise, primarily sells servers and other data-center technology.

  • Verizon says Yahoo data breach had a “material” impact

Verizon’s top lawyer says it now has reason to believe Yahoo’s recently disclosed data breach has a “material” impact on Verizon’s pending $4.8 billion acquisition of Yahoo. That leaves open the possibility that Verizon could seek a change in the price or other terms.

A Verizon spokesman confirmed that Craig Silliman, general counsel at Verizon, made the comments to reporters during a roundtable discussion Thursday. “I think we have a reasonable basis to believe right now that the impact is material and we’re looking to Yahoo to demonstrate to us the full impact,” he said.

Silliman didn’t say whether Verizon will seek a price reduction, but added that Yahoo will have to convince Verizon if it doesn’t believe the breach of at least 500 million users’ email accounts had a significant impact on its business.

Earlier this week, Verizon CEO Lowell McAdam said his company was investigating but vowed Verizon wouldn’t walk away from the deal.

Yahoo said in a statement Thursday that it is confident of the company’s value and that it is still working toward integrating with Verizon. The deal was expected to close by the end of March 2017.

The security issue could worsen Yahoo’s problems: Users were already declining, and so was revenue. Verizon had wanted Yahoo’s popular sites to combine with AOL’s advertising technology to help it build a digital-ad company that could compete with industry behemoths Google and Facebook. Verizon bought AOL in 2015.

  • Verizon closing call centers 5 states

Verizon plans to close call centers in five states, including its home state of New York, where the impending loss of hundreds of jobs prompted the governor’s office to label the company’s move as “corporate abuse.”

The company said Thursday a consolidation of its call centers will impact about 3,200 workers near Rochester and New York City; Bangor, Maine; Lincoln, Nebraska; Wallingford and Meriden, Connecticut, and Rancho Cordova, California.

Verizon has 162,000 U.S. employees.

  • Amazon adding 120,000 workers to meet holiday demand

Amazon plans to add 120,000 seasonal workers to meet an expected spike in demand as more and more people shop online for the holiday season.

The positions will be created at fulfillment centers, sorting centers and customer service sites in 27 states. The move marks a 20 percent boost from its 100,000 seasonal hires a year ago.

The National Retail Federation expects holiday sales for the November and December period to rise 3.6 percent to $655.8 billion. Online shopping is expected to rise 7 to 10 percent over last year to as much as $117 billion.

  • SoftBank sets up technology fund with $100 billion potential

Japanese telecommunications and internet company SoftBank Group Corp. is setting up a $25 billion private fund for technology investments with the potential to grow to $100 billion.

The Tokyo-based company, the first carrier in this country to offer the Apple iPhone, said Friday the “SoftBank Vision Fund” is for global investments into the technology sector to accelerate SoftBank’s growth.

SoftBank said it signed an agreement with a fund run by the government of Saudi Arabia and other investors, so the amount of money committed could grow.

An aggressive overseas investor, SoftBank owns the U.S. wireless company Sprint Corp. and Britain’s ARM Holdings. ARM is known as an innovator in the “internet of things,” and in technology used in smartphones.

“Over the next decade, the SoftBank Vision Fund will be the biggest investor in the technology sector,” Softbank Chief Executive Masayoshi Son said in a statement. “We will further accelerate the Information Revolution by contributing to its development.”