Computer maker HP is joining the growing list of companies that are conveniently announcing company-wide AI initiatives and plans to cut thousands of jobs at the same time.
HP shared on Tuesday that it expects to scale artificial intelligence within the company and lay off about 4,000-6,000 employees by the end of 2028. With roughly 56,000 employees, that comes up to a 10% workforce reduction.
“Looking forward, we are taking decisive actions to mitigate recent cost headwinds and are investing in AI-enabled initiatives to accelerate product innovation, improve customer satisfaction, and boost productivity,” HP CFO Karen Parkhill said in the press release. Per the Guardian , the cuts will be centered around the product development, internal operations, and customer support teams.
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