[US] HP to make thousands of job cuts as it steps up AI adoption

In the US, HP (Hewlett-Packard) has announced its intention to cut 4,000-6,000 jobs as part of an ongoing cost-cutting initiative, largely driven by AI productivity gains, TechRadar reports.

CEO Enrique Lores confirmed the workforce reduction during the company’s recent Q4 earnings call. He acknowledged the firm’s ‘future-ready’ program, launched in 2022, as part of HP’s ‘fiscal 2026 plan’.

Though HP has already seen more than $1.4 billion in savings from the scheme, Mr Lores reportedly said further reductions would be needed against the backdrop of a 3.2 per cent full-year rise in revenue and a slightly better 4.2 per cent rise in quarterly revenue.

According to layoffs.fyi, HP let 2,000 workers go in 2025. Its latest plans to reduce global headcount even further will be enacted between now and 2028.

A statement from HP said, “The company estimates that it will incur approximately $650 million in labour and non-labour costs related to restructuring and other charges, with approximately $250 million in fiscal 2026.” 

The roles most likely to be affected are in product development, customer service and operational processes, with AI filling the gaps left by departing workers.

In addition, HP reportedly stated that AI PC use within the company has boosted team productivity by 16 per cent, and confirmed it would be “investing in AI-enabled initiatives to accelerate product innovation, improve customer satisfaction, and boost productivity.”

Source: TechRadar

(Link and quote via original reporting)

In the US, HP (Hewlett-Packard) has announced its intention to cut 4,000-6,000 jobs as part of an ongoing cost-cutting initiative, largely driven by AI productivity gains, TechRadar reports.

CEO Enrique Lores confirmed the workforce reduction during the company’s recent Q4 earnings call. He acknowledged the firm’s ‘future-ready’ program, launched in 2022, as part of HP’s ‘fiscal 2026 plan’.

Though HP has already seen more than $1.4 billion in savings from the scheme, Mr Lores reportedly said further reductions would be needed against the backdrop of a 3.2 per cent full-year rise in revenue and a slightly better 4.2 per cent rise in quarterly revenue.

According to layoffs.fyi, HP let 2,000 workers go in 2025. Its latest plans to reduce global headcount even further will be enacted between now and 2028.

A statement from HP said, “The company estimates that it will incur approximately $650 million in labour and non-labour costs related to restructuring and other charges, with approximately $250 million in fiscal 2026.” 

The roles most likely to be affected are in product development, customer service and operational processes, with AI filling the gaps left by departing workers.

In addition, HP reportedly stated that AI PC use within the company has boosted team productivity by 16 per cent, and confirmed it would be “investing in AI-enabled initiatives to accelerate product innovation, improve customer satisfaction, and boost productivity.”

Source: TechRadar

(Link and quote via original reporting)