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HP to Slash 6,000 Jobs! AI Push Sparks Massive Shakeup & Stock Slump – Will This Save Them?

Tech

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Published on 26th November 2025, 2:16 AM

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Author

Simar Singh | Whalesbook News Team

Overview

HP Inc. plans to cut up to 6,000 jobs globally by fiscal 2028 to streamline operations and integrate AI. This move aims for $1 billion in savings but led to a stock drop, as the company navigates rising component costs impacting future profits, despite a revenue beat in the last quarter.