By Julia Kollewe
Publication Date: 2025-11-26 10:54:00
HP is set to lose up to 6,000 jobs worldwide over the next three years as the US computer and printer maker increasingly uses AI to speed up product development.
HP announced a lower-than-expected profit outlook for the coming year and said it would cut between 4,000 and 6,000 jobs by the end of October 2028. The company employs around 56,000 people. The news sent shares down 6%.
“Looking forward, we see a great opportunity to integrate AI into HP to accelerate product innovation, improve customer satisfaction and increase productivity,” said the California company’s CEO Enrique Lores.
He said teams working on product development, internal operations and customer support would be affected by the job cuts. He added that this would result in annual savings of $1 billion (£749 million) by 2028, although the cuts would cost an estimated $650 million.
News of the job cuts came as a leading education research charity warned that up to three million low-skilled jobs could disappear in the UK by 2035 because…
