HP to sack up to six thousand staff under AI adoption plan, fresh round of cost-cutting

HP Inc will sack between 4,000 and 6,000 workers under a plan that calls for the PCs-and-printers prodigy to use AI to improve its operations.

President and CEO Enrique Lores announced the plan on Tuesday alongside the company’s Q4 results, during which he said HP Inc’s “future-ready” cost savings plan, which commenced in 2022 and recently concluded, beat its savings target of $1.4 billion. But HP Inc still has fat to trim, so has launched what Lores described as “a company-wide program led by an executive reporting directly to me.”

“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 ...