Computer maker HP to cut up to 6,000 jobs by 2028 as it turns to AI

"Up to 6,000 jobs are to go at HP worldwide in the next three years as the US computer and printer maker increasingly adopts AI to speed up product development. Announcing a lower-than-expected profit outlook for the coming year, HP said it would cut between 4,000 and 6,000 jobs by the end of October 2028. It has about 56,000 employees. The news drove its shares lower by 6%."

"As we look ahead, we see a significant opportunity to embed AI into HP to accelerate product innovation, improve customer satisfaction and boost productivity, said the California company's chief executive, Enrique Lores. He said teams working on product development, internal operations and customer support would be affected by the job cuts. He added that this would lead to $1bn (749m) savings a year by 2028, although the cuts would cost an estimated $650m."

"News of the job cuts came as a leading educational research charity warned that up to 3m low-skilled jobs could disappear in the UK by 2035 because of automation and AI. The jobs most at risk are those in occupations such as trades, machine operations and administrative roles, the National Foundation for Educational Research said. HP had already cut between 1,000 and 2,000 staff in February as part of a restructuring plan."

HP will cut between 4,000 and 6,000 jobs by the end of October 2028, reducing a workforce of about 56,000 and prompting a 6% share-price fall. The company plans to embed AI across product development, internal operations and customer support to accelerate innovation, improve customer satisfaction and boost productivity, expecting $1bn in annual savings by 2028 while incurring around $650m of restructuring costs. HP already reduced 1,000–2,000 staff in February. The announcement reflects broader automation trends and warnings that millions of low-skilled roles could disappear as firms adopt AI-driven efficiencies.

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