PALO ALTO / LONDON (IT BOLTWISE) – HP Inc. has announced that it will cut up to 6,000 jobs worldwide by 2028 to increase efficiency and promote the integration of artificial intelligence. These measures are intended to accelerate product development and increase customer satisfaction.
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HP Inc., a leader in the technology industry, recently announced plans to cut between 4,000 and 6,000 jobs worldwide by 2028. This decision is part of a comprehensive strategy aimed at streamlining operations and increasing the use of artificial intelligence (AI). The goal is to accelerate product development, improve customer satisfaction and increase productivity.
HP CEO Enrique Lores said the savings from these measures are estimated to be about $1 billion over three years. The affected areas include product development, internal operations and customer support. The company had already laid off between 1,000 and 2,000 employees in February as part of an earlier restructuring plan.
Demand for AI-enabled PCs increased significantly in the fourth quarter, which ended October 31, and now accounts for over 30% of HP shipments. This development reflects the growing trend in the industry to integrate AI technologies into everyday products to increase their performance.
Another factor putting pressure on HP and other electronics manufacturers such as Dell and Acer is the global rise in memory chip prices. These price increases are due to increased demand from data centers expanding their AI infrastructure. HP expects these cost increases to be felt in the second half of fiscal 2026, although the company has sufficient inventory for the first half.
To address the challenges, HP plans to qualify lower-cost suppliers, reduce memory configurations and make pricing adjustments. Despite these measures, the forecast for adjusted earnings per share in fiscal 2026 is $2.90 to $3.20, below analysts’ expectations of $3.33.
Recent developments at HP highlight the challenges technology companies face as they adapt to rapidly changing market conditions. Integrating AI into the product range and adapting to volatile commodity markets are crucial factors that will determine HP’s future success.
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