HP to slash up to 6,000 jobs by 2028 in massive AI transformation push

HP announced Tuesday that it plans to cut between 4,000 and 6,000 employees by the end of 2028 as part of its push to adopt artificial intelligence.The potential layoffs at the Palo Alto, California-based company could represent up to 10% of its workforce, according to Stock Analysis.Reuters reported that shares of the PC and printer maker fell 5.5% in extended trading following the news.The job cuts are part of a company-wide initiative to generate $1 billion in gross cost savings by the end of fiscal 2028, with $650 million in restructuring costs projected, $250 million of which is expected