Nov. 26 at 1:34 PM
HP announced plans to cut 4,000–6,000 jobs globally by October 2028 as part of a
$650M cost-saving initiative linked to workforce restructuring and AI adoption. The fiscal 2026 plan aims to boost customer satisfaction, product innovation, and productivity through AI, with total savings projected at
$1B by FY2028 and
$250M expected by October 2026. HP employs around 58,000 people across 170+ countries, though specific layoff locations have not been disclosed.
These cuts follow similar moves by other tech giants adapting to AI. Meta plans to reduce ~600 jobs due to automation and advanced AI integration. Amazon announced up to 30,000 layoffs, the largest in its history, while Intel expects around 25,000 cuts this year as it integrates AI into operations. In the U.S., AI-related layoffs totaled 31,039 in October alone and 48,414 year-to-date, excluding HP’s figures.
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