Overview
- HP said the reductions will roll out globally and will target roles across product development, internal operations and customer support.
- The company indicated some employees may be retrained or relocated, while it acknowledged automation will directly replace certain administrative and support functions.
- HP reported fourth-quarter revenue of $14.64 billion that beat forecasts, but its profit outlook came in below estimates and the shares fell after hours.
- More than 30% of HP’s recent PC shipments included integrated AI features, and the company plans pricing changes and supplier shifts as memory costs rise.
- The plan could reduce up to about 10% of HP’s roughly 58,000-person workforce, with site-level impacts still unclear, including at the Sant Cugat hub in Spain.