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 .
12 Articles
12 Articles
On November 26, 2025, international news agencies reported that HP, the technology giant, announced a major restructuring plan, planning to lay off 4,000–6,000 employees worldwide, or approximately 10% of its total workforce, by 2028 to accelerate the organization's transition to artificial intelligence (AI). HP CEO Enrique Lores stated that the restructuring will impact product development, internal operations, and customer service, and is expe…
The technology company HP confirmed that it will cut between 4,000 and 6,000 jobs before fiscal year 2028 to reduce costs and face a more complex economic landscape.The company reported that artificial intelligence will be key to replacing operational functions, optimizing processes and maintaining global competitiveness.Executive Director Enrique Lores explained that the strategy will save a billion dollars annually once completed.The decision …
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