HP Plans Up to 6,000 Job Cuts | IndustryWeek
HP plans to cut 4,000 to 6,000 jobs by the end of its 2028 fiscal year. The update appeared in its quarterly earnings report. A 2024 filing put HP’s workforce at 58,000. The cuts would remove about 7% to 10% of its staff.
The company said the plan will support customer service, product design, and productivity through AI use. It expects to spend about $650 million on the reset and save about $1 billion each year after that. The plan signals layoffs and severance payments, not gradual attrition.
CEO Enrique Lores spoke with analysts on Tuesday. He said the cuts were hard choices and said the company will treat employees with respect. He later said the firm had tested AI tools for two years and found some tasks ready for redesign.
Recent tech leaders have used similar plans. Salesforce cut support staff in September during its shift to bot agents. Dropbox and Google removed staff during heavy AI investment last year. Microsoft also cut employees after CEO Satya Nadella described wider AI use inside the company.
Lores closed the call by stressing HP’s plan to put AI across its operations. He said the change gives the company a large chance to reshape its work.
HP issued a similar plan in late 2022. It aimed to cut 4,000 to 6,000 roles over three years and later expanded the cuts. The company did not respond to a request for comment on Tuesday.
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