India, Nov. 27 -- Computer and printer maker HP has announced its restructuring plan that will cut between 4,000 and 6,000 jobs globally by the end of its fiscal year 2028. The move is central to a new company-wide initiative focused on leveraging Artificial Intelligence (AI) to enhance efficiency, product development, and customer satisfaction, aiming for USD 1 billion in gross run rate cost savings over three years.

HP CEO Enrique Lores announced the restructuring alongside the company's fiscal 2025 financial results. The reduction in the global headcount, which represents roughly 10% of the company's workforce of about 58,000 employees as of October 2024, stems directly from the company's decision to embed AI across its core operation...