TZUTC: -0500
MSGID: 1752.consprcy@1:2320/105 2d8c7335
PID: Synchronet 3.21a-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0
TID: SBBSecho 3.28-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0
BBSID: CAPCITY2
CHRS: ASCII 1
FORMAT: flowed
HP set to cut thousands of staff as it announces major AI adoption project

Date:
Wed, 26 Nov 2025 15:26:00 +0000

Description:
HPs future-ready plan is company speak for cost-cutting, and apparently comes
at the expense of thousands of jobs.

FULL STORY

HP has announced it will cut 4,000-6,000 jobs as part of an ongoing
cost-cutting initiative, largely driven by AI productivity gains. 

Company CEO Enrique Lores confirmed the workforce reduction as part of the
companys recent Q4 earnings, acknowledging the firms future-ready program 
that it launched in 2022, as part of HPs fiscal 2026 plan. 

Despite already realizing more than $1.4 billion in savings from the scheme,
Lores said further reductions would be needed against the backdrop of a 3.2%
full-year rise in revenue and a slightly better 4.2% rise in quarterly
revenue.

HP continues to cut staff 

HP has already sent 2,000 workers packing in 2025 (per layoffs.fyi ), with
these latest plans to reduce global headcount even further set to play out
between now and 2028. 

The company estimates that it will incur approximately $650 million in labor
and non-labor costs related to restructuring and other charges, with
approximately $250 million in fiscal 2026, HP confirmed. 

Product development, customer service and operational processes will be among
the roles most likely to be affected, with AI stepping in to fill gaps left 
by departed workers. 

HP also noted AI PC use within the company has boosted team productivity by
16%, and confirmed it would be, investing in AI-enabled initiatives to
accelerate product innovation, improve customer satisfaction, and boost
productivity. 

More broadly, HP is also worried about the rising cost of memory, which now
accounts for 15-18% of a typical PCs cost. 

A decline in printing, particularly among consumers, has also led to poor
performance. Printing net revenue was down 4% year-over-year. 

Company shares are largely unaffected by the announcement, but last months
fluctuations continue. Shares are down 20% over the past 12 months, but after
hitting rock bottom over the summer, the past six months have seen some
resurgence. 

======================================================================
Link to news story:
https://www.techradar.com/pro/hp-set-to-cut-thousands-of-staff-as-it-announces
-major-ai-adoption-project

$$
--- SBBSecho 3.28-Linux
 * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)
SEEN-BY: 105/81 106/201 128/187 129/14 305 153/7715 154/110 218/700
SEEN-BY: 226/30 227/114 229/110 206 300 307 317 400 426 428 470 664
SEEN-BY: 229/700 705 266/512 291/111 320/219 322/757 342/200 396/45
SEEN-BY: 460/58 633/280 712/848 902/26 2320/0 105 304 3634/12 5075/35
PATH: 2320/105 229/426