{"id":39467,"date":"2025-11-25T22:31:16","date_gmt":"2025-11-25T22:31:16","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/hp-puts-a-number-on-how-many-jobs-itll-cut-due-to-ai\/"},"modified":"2025-11-25T22:31:16","modified_gmt":"2025-11-25T22:31:16","slug":"hp-puts-a-number-on-how-many-jobs-itll-cut-due-to-ai","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/hp-puts-a-number-on-how-many-jobs-itll-cut-due-to-ai\/","title":{"rendered":"HP puts a number on how many jobs it&#8217;ll cut due to AI"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/6926214cabd5e944effb8143?format=jpeg\" alt=\"the HP logo displays on a phone\"\/><figcaption>HP announced that it will be reducing its corporate head count due to AI-driven initiatives.<\/p>\n<p>illustration by Cheng Xin\/Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>HP announced that it will be reducing its corporate head count due to AI-driven initiatives.<\/li>\n<li>The PC and printer company will cut between 4,000 and 6,000 jobs by the end of fiscal 2028.<\/li>\n<li>The company estimates it will save approximately $1 billion.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p>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. The company estimates it will incur roughly $650 million in costs related to the restructuring, with about $250 million of the expense falling in fiscal 2026.<\/p>\n<p>HP&#039;s strategy is to &quot;drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement,&quot; and achieve cost savings through &quot;workforce reductions, platform simplification, programs consolidation, and productivity measures,&quot; according to its earnings presentation.  <\/p>\n<p>The company beat revenue expectations in Q4. However, Bloomberg analysts forecast that the company would post an EPS of $3.32 in 2026, while HP estimated its non-GAAP diluted net EPS to be in the range of $2.90 to $3.20, which is below analysts&#039; expectations. <\/p>\n<p>HP&#039;s stock was down more than 5% in after-hours trading at the time of publication, and is down more than 25% year-to-date. <\/p>\n<p><em>This is a developing story. Please check back for updates.<\/em><\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HP announced that it will be reducing its corporate head count due to AI-driven initiatives. illustration by Cheng Xin\/Getty Images 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-39467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/39467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=39467"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/39467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/39468"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=39467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=39467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=39467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}