HP has unveiled a sweeping restructuring plan that includes cutting up to 10 percent of its employee headcount by the end of fiscal year 2028 as part of the company’s strategy to accelerate innovation and drive productivity through the adoption of AI.
Bloomberg reports that HP has announced a significant workforce reduction plan aimed at generating $1 billion in gross cost savings by the end of fiscal year 2028. The Silicon Valley giant, known for its PCs and printers, plans to cut between 4,000 and 6,000 jobs, which represents up to 10 percent of its current workforce.
The announcement, made during the company’s earnings presentation on…
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