AI Is Coming For Even More Jobs. HP To Lay Off 4,000 To 6,000 Employees By 2028

AI Is Coming for Even More Jobs. HP to Lay Off 4,000 to 6,000 Employees by 2028

Last updated: 2025/12/01 at 10:35 AM

News Room Published 1 December 2025

HP will cut 4,000 to 6,000 jobs by 2028 as the company leans into AI adoption, CEO Enrique Lores said during a Q4 earnings call.

This “company-wide initiative [aims to] drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement,” HP says.

The layoffs will primarily affect those in product development, internal operations, and customer support roles, and are expected to be implemented by the end of fiscal year 2028. HP expects the job cuts to save nearly $1 billion by the end of 2028.

“Structural cost savings represent gross reductions in costs driven by operational efficiency, digital transformation, and portfolio optimization,” HP says. “These initiatives include but are not limited to workforce reductions, platform simplification, programs consolidation and productivity measures undertaken by HP, which HP expects to be sustainable in the longer-term.”

Lores promised to provide “the full plan on how AI is transforming HP” at the company’s Investor Day on April 23.

HP cut a similar number of jobs in 2022; it also laid off 9,000 people in 2019.

Recommended by Our Editors

As of October 2024, HP’s headcount reportedly stood at 58,000, meaning the recently announced layoffs could reduce the workforce by about 7-10%. Notably, the company’s PC business closed the fiscal year with a net revenue of $10.4 billion, an 8% year-over-year growth, while its printer business brought in $4.3 billion, down 4% year over year.

HP now joins a long list of tech giants announcing layoffs due to AI-driven restructuring or cost cuts. Intel said it would reduce 15% of its workforce in June; Microsoft cut 9,000 jobs in July; Amazon cut 14,000 jobs in October; and Verizon just cut 13,000 jobs last month.