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fromArs Technica
2 days ago

HP plans to save millions by laying off thousands, ramping up AI use

HP Inc. said that it will lay off 4,000 to 6,000 employees in favor of AI deployments, claiming it will help save $1 billion in annualized gross run rate by the end of its fiscal 2028. HP expects to complete the layoffs by the end of that fiscal year. The reductions will largely hit product development, internal operations, and customer support, HP CEO Enrique Lores said during an earnings call on Tuesday.
Artificial intelligence
Business
fromwww.mercurynews.com
2 days ago

HP announces job cuts as profit outlook falls short of estimates

HP will cut 4,000–6,000 employees by fiscal 2028, using AI-driven efficiencies to achieve $1 billion in annual gross savings while reporting a profit outlook below estimates.
Business
from24/7 Wall St.
3 months ago

Live: HP Inc. (HPQ) Reports Earnings Today - Will Shares Decline?

HP expects modest Q3 revenue growth while EPS declines as tariff-driven costs pressure margins, with AI PC demand and cost-savings initiatives aiming to restore profitability.
fromYahoo Finance
4 months ago

Earnings Preview: What to Expect From HP's Report

HP Inc. reported a profit estimate of $0.74 per share for fiscal Q3 2025, which is a decline from the $0.83 per share in the same quarter last year.
Business
Tech industry
fromTheregister
6 months ago

HP Inc. hastens China exit as tariffs hurt profits

HP Inc. is phasing out production of North-America-bound products in China due to hefty US tariffs, aiming for almost no Chinese shipments by June.
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