The Hewlett Packard (HP) logo is displayed in front of the office complex on October 4, 2019, in Palo Alto, California. Justin Sullivan/Getty Images

HP Inc said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to speed up product development, improve customer satisfaction and boost productivity.

HP’s teams focused on product development, internal operations and customer support will be impacted by the job cuts, CEO Enrique Lores said during a media briefing call.

“We expect this initiative will create $1 billion in gross run rate savings over three years,” Lores added.

The company laid off an additional 1,000 to 2,000 employees in February, as part of a previously announced r

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