4,000 to 6,000 jobs to be cut by end of fiscal 2028
Source-backed update · Announced plan · HP Inc.
EventAnnounced November 25, 2025
ReportedNovember 25, 2025
Added to WorkHushNovember 25, 2025
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Sources
SEC Form 8-K (HP Inc.) · Nov 25, 2025Supports: HP's fourth-quarter release said its fiscal 2026 plan is expected to reduce gross global headcount by about 4,000 to 6,000 by the end of fiscal 2028, with about $650 million in charges (about $250 million in fiscal 2026) and about $1 billion in gross run-rate savings.Open the sourceSEC Form 10-K (HP Inc.) · Dec 10, 2025Supports: The annual report's restructuring note lists the fiscal 2026 plan at 4,000 to 6,000 employees and $650 million in expected costs, of which $400 million is labor-related.Open the sourceNetwork World · Nov 26, 2025Supports: Reported the 4,000 to 6,000 cuts through 2028, that CEO Enrique Lores tied them to AI adoption and competitiveness, and that product development, internal operations and customer support are affected.Open the source
Not in the sources
The company gave a range rather than an exact count and did not say how many roles will be cut in each year or which locations are affected.
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