Business · 25 November 2025
HP to Cut About 6,000 Jobs by 2028 as AI Drive Accelerates
HP Inc. expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and expand its artificial-intelligence initiatives. The Palo Alto-based company says the initiative should generate approximately US $1 billion in gross run-rate savings over three years. HP also disclosed that adjusted fiscal 2026 earnings per share are forecast at US $2.90 to US $3.20, below analyst estimates of approximately US $3.30
Reported by Reuters · How we write briefs