HP Inc. plans to cut 4,000 to 6,000 jobs by 2028 to streamline operations and enhance its AI capabilities, leading to $1 billion savings. Market analysts warn of rising costs due to memory chip price hikes.
Laptop and PC maker HP Inc reportedly said on Tuesday it aims to cut 4,000 to 6,000 jobs globally by the fiscal 2028, to streamline operations and adopt artificial intelligence (AI) across various functions, including to expedite product development, improve customer satisfaction, and enhance productivity. The job cuts will impact Palo Alto, California-headquartered company’s team focused on product development, internal operations and customer support, its chief executive Enrique Lores said during a media briefing call, according to a report by news agency Reuters.
