HP, aiming to embrace AI, plans to cut between 4,000 and 6,000 jobs, potentially affecting 10% of its workforce. This move is expected to save $1 billion in costs by fiscal 2028, with $250 million spent in fiscal 2026. HPs CEO, Enrique Lores, emphasized the companys focus on AI-driven business strategies, with pilot programs showing significant potential for process redesign.
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