HP to Eliminate Up to 6,000 Jobs Amid AI PC Expansion
HP announces a major restructuring that cuts up to 6,000 jobs by 2028 as the company pivots toward AI-powered PCs. The shift comes as traditional printing revenue declines and memory costs rise.
HP announces a major corporate restructuring that eliminates between 4,000 and 6,000 jobs by the year 2028. This significant workforce reduction comes as the technology company aggressively expands its focus on artificial intelligence and AI-powered personal computers.
The decision to downsize reflects several shifting market dynamics, including a growing demand for AI-PCs and rising costs for essential computer memory components. At the same time, HP continues to face ongoing declines in its traditional printing revenue streams.
Despite these major operational changes, HP provides fiscal 2026 earnings guidance that remains below Wall Street expectations. The company plans to navigate this transitional period by reallocating resources toward its AI initiatives while managing the financial impact of the restructuring.