HP to lay off up to 6,000 workers as it goes all-in on AI and automation
NegativeArtificial Intelligence
- 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.
- The layoffs are a response to a lower-than-expected profit outlook, highlighting the company's need to enhance productivity and adapt to changing market demands. This restructuring is aimed at accelerating product development through increased AI utilization.
- This move reflects a broader trend in the technology sector, where companies are increasingly adopting AI to streamline operations and reduce costs. While HP's decision underscores the challenges faced by traditional manufacturers, it also contrasts with competitors like Dell, which are experiencing growth in AI-related markets, indicating a significant shift in industry dynamics.
— via World Pulse Now AI Editorial System
