US EditionHP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP Inc. plans to cut up to 6,000 jobs globally by 2028 to save $1 billion annually by adopting AI to improve productivity, innovation, and customer satisfaction.
- HP Inc revealed on Tuesday that it will sack between 4,000 and 6,000 workers under an AI plan announced with its Q4 results, which beat a $1.4 billion cost savings target.
- The company launched a company-wide programme led by an executive reporting to Lores, aiming to boost customer satisfaction, product innovation and productivity through AI amid rising memory prices.
- HP plans to qualify lower-cost suppliers and redesign portfolios for reduced memory configurations to cut component expenses while AI PCs with curated applications lifted productivity by 16 percent.
- The company projects approximately $1 billion of gross run-rate savings over three years across product development, customer service and operations, framing this as replacing about ten percent of the company's people with AI.
- Full-Year revenue hit $55.3 billion, though earnings fell, and HP warned margins for personal systems will likely be impacted in H2, underscoring the programme's urgency.
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The US computer and HP printer announced that it intends to give up up up to 6,000 employees by 2028, in a massive restructuring by which more and more activities will be carried out by intelligence systems...
HP announces job cuts as profit outlook falls short of estimates
(Bloomberg/Dina Bass) — HP Inc. gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools. The PC and printer maker will exit 2028 with gross savings of $1 billion annually as a result of the cuts. The savings will come from HP applying AI tools to areas like product development, customer support, sales and manufacturing, Chief Executiv…
The manufacturer of PCs and HP printers hopes to fire about 10% of its plant by fiscal year 2028, which would mean a cut of between 4,000 and 6,000 jobs worldwide. An announcement that came in the context of the quarterly results report that did not meet market expectations. The cuts will result in about $650 million in restructuring costs, some $250 million of them in fiscal year 2026, which began on November 1, the company said in a statement …
In the tech sector, numerous companies are investing heavily in the development of artificial intelligence. The US manufacturer is now following suit – at the expense of thousands of employees.
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