US EditionHP plans to save millions by laying off thousands, ramping up AI use
HP expects to save $1 billion annually by 2028 through AI-driven automation targeting product development, internal operations, and customer support roles.
- On Tuesday, HP Inc. announced it will cut 4,000 to 6,000 jobs, aiming to save $1 billion in annualized costs by fiscal 2028 through AI-driven restructuring.
- Responding to margin pressures, HP said its 'future-ready' program has already delivered more than $1.4 billion in savings, with a 3.2% full-year revenue growth.
- Targeting specific functions, HP said cuts will mainly affect product development teams, internal operations, and customer support after already laying off 2,000 workers in 2025 through 2028.
- HP warned the plan will incur $650 million in restructuring and other charges, including $250 million in fiscal 2026, while shares are down 20% over the past 12 months.
- HP highlights a 16% productivity gain from AI PCs and says it will invest in AI-enabled initiatives, joining AI-linked job cuts at Amazon and Intuit .
27 Articles
27 Articles
In the United States, the HP IT giant is planning to abolish between 4,000 and 6,000 jobs worldwide by the end of 2028. A large-scale operation that is expected to generate $1 billion in savings and it is by adopting artificial intelligence (AI) that the Californian company intends to achieve this.
Artificial intelligence leaves more and more unemployed. HP announces massive concessions in the following years, once implementing new AI technologies. HP article announces massive concessions. Thousands of employees will lose their jobs due to Artificial Intelligence appear for the first time in Romania TV.
Computer giant HP announces plans to slash up 6,000 jobs as it converts to AI: 'We see a significant opportunity'
HP will eliminate 4,000 to 6,000 positions worldwide by late 2028 as the computer and printer manufacturer moves toward artificial intelligence to handle product development and customer service tasks, reported the Guardian. What's happening? The California-based tech company announced the workforce reduction alongside disappointing earnings projections for its upcoming fiscal year. HP employs approximately 56,000 people globally. "As we look ah…
By separating around 10% of its workforce worldwide, the US group Hewlett-Packard intends to save €1 billion by 2028.
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