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'4,000 - 6,000'

HP puts a number on how many jobs it'll cut due to AI

SUMMARY

HP announced plans to cut between 4,000 and 6,000 jobs by 2028, focusing on AI adoption. The restructuring is expected to save around $1 billion. However, the company will incur about $650 million in costs, with $250 million impacting fiscal 2026.

HP aims to enhance customer satisfaction, drive productivity, and achieve cost savings through workforce reductions and platform simplification. Although HP exceeded revenue expectations in Q4, its stock fell over 5% after the announcement, down more than 25% for the year.

This is a developing story. Please check back for updates.


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