Overview
- HP plans to eliminate 4,000 to 6,000 roles over roughly three years.
- The restructuring will incur initial charges of about $650 million.
- Company leaders position the cuts as a shift to automation that targets gains in innovation, efficiency and customer satisfaction.
- HP reported quarterly revenue of $55.3 billion, up about 3%, with profit down 9% to $2.5 billion.
- The move tracks broader tech workforce changes, including Amazon’s October plan to cut about 14,000 administrative jobs citing AI-driven reorganization.