HP Announces Up to 6,000 Layoffs in Massive AI Restructuring Plan

Dell has raised its outlook for AI server shipments, indicating a positive trend in demand for its products, while HP has announced plans to cut up to 6,000 jobs by 2028 as part of a restructuring effort focused on artificial intelligence. This juxtaposition highlights the contrasting fortunes of two major players in the technology sector.

HP has announced plans to lay off up to 6,000 employees globally by 2028 as part of a restructuring strategy aimed at enhancing product development through increased use of artificial intelligence. This decision is expected to impact various teams, particularly in product development and internal operations.

The UK Labour government's Budget for 2025 emphasizes a commitment to support artificial intelligence (AI) and startups, although it lacks a cohesive digital strategy. This indicates a focus on innovation and technology as key components of economic growth.

Harmonic, the AI startup co-founded by Robinhood CEO Vlad Tenev, has achieved a valuation of $1.45 billion following a $120 million Series C funding round led by Ribbit, bringing its total funding to $295 million. This milestone underscores the growing interest in AI technologies that focus on mathematical accuracy and reliability.

HP has announced plans to cut up to 6,000 jobs globally by 2028 as part of a strategy to enhance product development through increased use of artificial intelligence. This decision follows a lower-than-expected profit outlook for the upcoming year, indicating a shift in the company's operational focus.

Echelon Iberdrola Digital Infra has announced a significant investment of $2.3 billion to develop data centers in Spain, with the first project being the Madrid Sur complex, which will span 160,000 square meters and provide 144 MW of processing capacity.

HP has announced plans to lay off up to 6,000 workers globally by 2028 as part of a strategic shift towards artificial intelligence and automation. This decision was revealed in the company's latest earnings report, which also indicated a projected savings of $1 billion over three years, despite incurring restructuring costs of approximately $650 million.

New York has introduced the RAISE Act, a legislative measure aimed at regulating frontier AI developers who invest over $100 million in training, mandating them to prevent critical harm and report safety incidents. This act reflects growing concerns about the safety and ethical implications of advanced AI technologies.