HP to slash up to 6,000 jobs globally as it pivots to AI

SAN FRANCISCO - Computer and printer-maker HP announced on Nov 25 a sweeping restructuring plan that will eliminate about 10 per cent of its workforce globally, as the company pivots towards artificial intelligence (AI) to boost efficiency.

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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.

In response to The Straits Times’ queries on Singapore layoffs, HP Singapore declined to comment.

HP’s move reflects a growing trend across the tech sector, where companies are investing heavily in AI development while using the technology to reduce operational costs.