HP Inc

HP Inc announced plans to eliminate between 4,000 and 6,000 jobs by the end of fiscal 2028, representing roughly 10% of its 58,000-strong global workforce, with the cuts explicitly attributed to the deployment of AI tools across product development, operations, and customer support. The company projected gross annual savings of around $1 billion from the restructuring, at a charge of approximately $650 million. The timing placed HP Inc alongside Dell and other hardware peers in a cluster of firms announcing large AI-driven headcount reductions in early 2026.

HP Inc was created in 2015 when the original Hewlett-Packard Company split into two: HP Inc (personal systems and printing) and Hewlett Packard Enterprise (servers and services). The company is led since February 2026 by interim CEO Bruce Broussard, following the departure of Enrique Lores, who had served as president and CEO for seven years and steered the company's initial AI transformation programme. HP Inc employs approximately 58,000 people globally and serves both consumer and commercial markets.

The layoff plan arrived as PC market demand remained uneven and HP Inc's commercial print segment faced structural decline from digital-first workflows. The company framed the cuts as strategic repositioning rather than pure cost reduction, arguing that AI tools would allow remaining staff to operate at higher productivity.