High confidence
Nov 25, 2025
HP
4,000–6,000 by FY2028 (≈10% of 58,000 workforce)
Attribution · verbatim quote
“A company-wide program led by an executive reporting directly to me with a line of sight to drive approximately $1 billion of gross run rate savings over three years across product development, customer service and support, and many of our operational processes.”
— Enrique Lores (ceo)
Summary
HP announced 4,000–6,000 cuts by fiscal 2028 alongside ~$1B in run-rate savings. CEO Enrique Lores directly cited AI productivity gains and a company-wide AI program reporting to him. HP said internal AI tooling had already delivered 16% productivity improvement.
Evidence notes
- · Quote from HP Q4 2025 earnings call.
- · Phased through FY2028; ~$650M in restructuring costs.