Key Takeaways

HP is planning to lay off between 4,000 and 6,000 employees by the end of its fiscal year 2028.

The move is part of a broader push to incorporate AI into the company’s operations.

According to an HP earnings presentation, the company’s strategy is to drive “artificial intelligence adoption and enablement” while reducing costs through “workforce reductions.”

HP plans to cut between 4,000 and 6,000 jobs by the end of its fiscal year 2028 as part of a broader push to implement AI in its operations. HP CEO Enrique Lores said the cuts will affect teams working on product development, customer support and internal operations.

The computer and printer maker employed 58,000 people as of October 2024, according to Stock Analysis, which means the layoffs could represent around

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