- HP announced that it will be reducing its corporate head count due to AI-driven initiatives.
- The PC and printer company will cut between 4,000 and 6,000 jobs by the end of fiscal 2028.
- The company estimates it will save approximately $1 billion.
HP on Tuesday announced it will cut between 4,000 and 6,000 jobs by the end of 2028 as it goes all-in on AI.
The PC and printer company announced the cuts in its earnings report, estimating it will save approximately $1 billion by 2028 as it implements the changes.
HP’s stock was down more than 5% in after-hours trading at the time of publication.
This is a developing story. Please check back for updates.
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