HP plans to save millions by laying off thousands, ramping up AI use
15 days ago
- #AI
- #Workforce Reduction
- #Tech Layoffs
- HP Inc. plans to lay off 4,000 to 6,000 employees to save $1 billion annually by fiscal 2028.
- Layoffs will primarily affect product development, internal operations, and customer support.
- HP aims to use AI to enhance innovation, customer satisfaction, and productivity.
- Structural cost savings will come from operational efficiency, digital transformation, and workforce reductions.
- AI is increasingly cited as a reason for tech layoffs across companies like Salesforce, Amazon, Intuit, Klarna, Duolingo, and Meta.