Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Technology
Tanmay Puri

HP to Lay Off 6,000, and Generate £800M Savings With AI Gamble

AI adoption pushes HP toward 6,000 job cuts and £800 million in savings (Credit: Facebook/HP)

HP has revealed plans to cut thousands of jobs as the company pushes further into artificial intelligence and attempts to simplify its operations. The giant tech firm confirmed that between 4,000 and 6,000 positions will be removed globally by the end of its 2028 fiscal year. The initiative forms part of a much larger cost saving programme that is expected to deliver about one billion dollars in gross run rate savings within three years, which is roughly equal to £800 million (approximately $1billion).

Why HP is Cutting Jobs for AI

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.