SAN FRANCISCO, United States: Computer and printer maker HP announced Tuesday a sweeping restructuring plan that will eliminate about 10 percent of its workforce globally as the company pivots toward artificial intelligence to boost efficiency.
According to its latest earnings report, the tech giant expects to reduce its global headcount by between 4,000 and 6,000 employees to focus on adopting AI to increase innovation and customer satisfaction.
HP’s move reflects a broader trend across the tech sector, where companies are investing heavily in AI development while using the technology to reduce operational costs.
Major tech firms including Google, Microsoft, and Amazon have announced workforce reductions over the past two years, with many citing the need to reallocate resources, including jobs, toward AI initiatives.
Industry analysts say AI automation is particularly affecting roles in customer support, content moderation, data entry, and certain computer programming tasks.
