HP has reported that it plans to cut up to 6,000 jobs globally over the next three years, as the US computer and printer maker increases its adoption of artificial intelligence (AI) to accelerate product development. guardian.
On November 26, HP (formerly Hewlett-Packard) reported a lower-than-expected profit outlook for next year and announced that it would cut 4,000 to 6,000 jobs, or up to 11% of its total workforce, by the end of October 2028.
“Looking to the future, we see a significant opportunity to incorporate AI into HP to accelerate product innovation, improve customer satisfaction and increase productivity,” said Enrique Lores, the California company’s chief executive officer.
He said the affected employees would be those working in product development, internal operations and customer support, adding that this would lead to annual savings of $1 billion by 2028, but that the layoffs would cost an estimated $650 million.
read more: CIOs expect AI to play a role in all IT operations by 2030
In the United States alone, approximately 40% of jobs could be replaced by AI in fields ranging from education and healthcare to business and law, according to a report by the McKinsey Global Institute.
HP had already cut between 1,000 and 2,000 employees in February as part of a restructuring plan.
