HP to cut 4,000–6,000 jobs by fiscal 2028 under AI-focused restructuring

HP said in its fiscal 2025 results release that it will reduce 4,000–6,000 roles by the end of fiscal 2028 as part of a company-wide plan to drive customer satisfaction, product innovation and productivity through AI adoption and enablement.

The “fiscal 2026 plan” targets about $1 billion in gross run-rate savings by FY28 and includes an estimated $650 million in restructuring and other charges, with roughly $250 million expected in fiscal 2026, the company said.

“Looking forward, we are taking decisive actions to mitigate recent cost headwinds and are investing in AI-enabled initiatives,” CFO Karen Parkhill said in the same release.

HP provided FY26 EPS guidance and said more details are available on its investor site and in the accompanying materials.