this post was submitted on 26 Nov 2025
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Technology

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Today, HP Inc. announced a company-wide initiative (“fiscal 2026 plan”) to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement. The company estimates that these actions will result in gross run rate savings of approximately $1 billion by the end of fiscal 2028. The company estimates that it will incur approximately $650 million in labor and non-labor costs related to restructuring and other charges, with approximately $250 million in fiscal 2026. The company expects to reduce gross global headcount by approximately 4,000-6,000 employees. These actions are expected to be completed by the end of fiscal 2028.

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[–] sexy_peach@feddit.org 8 points 3 days ago (1 children)

Chinese brands or some other underdogs are going to gain so much market share with all these layoffs in the western corporations.

Their products are going to get even worse, they'll innovate even less.

[–] King@blackneon.net -2 points 3 days ago (2 children)
[–] Albbi@lemmy.ca 5 points 3 days ago (1 children)

Human population is 9.4T? Yup, I'll trust this website completely. /s

[–] vrek@programming.dev 2 points 3 days ago

No, it says (or tries to say) the 1% pay the other 99% $9.4T and that just isn't fair.

[–] sexy_peach@feddit.org 4 points 3 days ago

The future will tell