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HP Slashes Jobs: AI Overhaul Means 6,000 Fewer Workers
26 Nov
Summary
- HP will cut between 4,000 and 6,000 jobs by the end of fiscal 2028.
- The company anticipates saving approximately $1 billion through these changes.
- HP aims to boost customer satisfaction and innovation through AI adoption.
Hewlett-Packard is implementing a substantial workforce reduction, planning to eliminate between 4,000 and 6,000 jobs by the close of fiscal year 2028. This strategic move is intrinsically linked to the company's aggressive push towards integrating artificial intelligence across its operations.
The PC and printer manufacturer forecasts these significant changes will lead to an estimated $1 billion in cost savings by the 2028 fiscal year. Concurrently, HP anticipates incurring restructuring costs around $650 million, with a notable portion of this expense impacting its fiscal 2026 budget.
HP's forward-looking strategy centers on leveraging AI for improved customer satisfaction, product innovation, and overall productivity. The company's plan includes workforce adjustments, simplifying its platform, consolidating existing programs, and implementing productivity enhancements to achieve its financial and operational goals.
