""We have a line of sight to drive approximately $1 billion of gross run rate savings over three years across product development, customer service and support, and many of our operational processes," he said. The company's results announcement [PDF] states the aims of the new cost-cutting program are "to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement." Or in other words, replacing about ten percent of the company's people with AI, to save $1 billion."
""Lores hinted at how HP might find those savings by pointing to its own adoption of AI PCs running "curated applications" that he said see internal teams "deliver better results with their productivity up 16 percent." Strong sales of all PCs saw HP's personal systems revenue reach $10.8 billion in Q4, eight percent year-over-year growth. Printing revenue dipped four percent to $4.3 billion."
HP Inc will cut between 4,000 and 6,000 workers as part of a company-wide program to use artificial intelligence to improve operations and generate roughly $1 billion of gross run-rate savings over three years across product development, customer service and operational processes. The program aims to drive customer satisfaction, product innovation, and productivity through AI adoption and enablement, effectively replacing about ten percent of the workforce. Internal use of AI PCs with curated applications increased productivity by 16 percent. Q4 personal systems revenue rose to $10.8 billion while printing revenue fell to $4.3 billion, and rising memory costs present a near-term challenge.
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