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.
HP to slash up to 6,000 jobs as component costs and AI pivot reshape operations
HP will cut 4,000–6,000 jobs and pursue AI-driven process redesign while warning rising memory-chip costs will pressure margins and enterprise pricing.