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Saved February 14, 2026
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HP plans to cut 4,000 to 6,000 jobs by fiscal 2028, focusing on AI to save $1 billion annually. The layoffs will primarily affect product development, operations, and customer support roles. This move aligns with a broader trend of tech companies reducing staff in favor of AI integration.
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HP Inc. plans to cut 4,000 to 6,000 jobs as part of a strategy to implement AI technologies across its operations. The company aims to achieve $1 billion in annual savings by the end of fiscal 2028. The layoffs will primarily affect areas like product development, internal operations, and customer support. CEO Enrique Lores highlighted that AI will play a key role in speeding up product innovation, enhancing customer satisfaction, and increasing productivity.
This move comes amid widespread layoffs in the tech industry, often attributed to the rise of AI. For instance, Salesforce cut 4,000 customer support jobs, citing reduced staffing needs due to AI. Amazon has also faced scrutiny for laying off tens of thousands of workers while replacing them with foreign H-1B employees, claiming generative AI tools were a factor. Other companies, including Intuit, Klarna, and Duolingo, have similarly reduced their workforce in favor of AI replacements.
HP's announcement reflects a broader trend of companies reassessing their workforce in light of advancing technology. The emphasis on operational efficiency and digital transformation marks a significant shift in how businesses view their labor needs amid the growing capabilities of AI.
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