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HP Inc. to Cut Up to 6,000 Jobs Amid AI Shift

11/26/2025

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Summary

Story summary

HP Inc. will cut 4,000 to 6,000 jobs by 2028 as it shifts toward AI-driven initiatives.
The restructuring aims to save about $1 billion, with about $650 million in costs.
Despite a 4% year-over-year revenue rise to $14.64 billion, HP's fiscal 2026 earnings outlook fell short of expectations.
Enrique Lores, HP Inc. CEO, says AI can boost product innovation and satisfaction, as its stock has fallen over 25% this year.

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Story summary

HP Inc. will cut 4,000 to 6,000 jobs by 2028 as it shifts toward AI-driven initiatives.
The restructuring aims to save about $1 billion, with about $650 million in costs.
Despite a 4% year-over-year revenue rise to $14.64 billion, HP's fiscal 2026 earnings outlook fell short of expectations.
Enrique Lores, HP Inc. CEO, says AI can boost product innovation and satisfaction, as its stock has fallen over 25% this year.