HP To Cut About 6,000 Jobs By 2028, Ramps Up AI Efforts
- Reference: 0180210463
- News link: https://slashdot.org/story/25/11/25/2319238/hp-to-cut-about-6000-jobs-by-2028-ramps-up-ai-efforts
- Source link:
> HP's teams focused on product development, internal operations and customer support will be impacted by the job cuts, CEO Enrique Lores said during a media briefing call. "We expect this initiative will create $1 billion in gross run rate savings over three years," Lores added. The company laid off an additional 1,000 to 2,000 employees in February, as part of a previously announced restructuring plan. Demand for AI-enabled PCs has continued to ramp externally, reaching over 30% of HP's shipments in the fourth quarter ended October 31.
[1] https://www.reuters.com/business/hp-cut-about-6000-jobs-by-2028-ramps-up-ai-efforts-2025-11-25/
Setting up for failure (Score:2)
I hope all these lay-offs and job cuts are worth it when this "AI" bubble bursts by the seams. These companies are looking damn foolish by doing this.
Welp (Score:2)
HP probably will not exist in 2028 if this is what their best and brightest are focusing on.
Dont forget (Score:2)
I hope labor remembers this kind of shit when the whole dumb LLM spell finally breaks and these giant tech companies realize there's not actually a market for "Synthetic Culture" and the whole idea of AI replacing human labor goes up in magic smoke.
I love my LLMs- they make my life easier and help me learn new things- but the clowns thinking they can axe their lawyers creatives and rely on openAI or Anthropic or Metas latest offering are fooling themselves and their investors.
It will increase human producti
Apple is cutting jobs too (Score:4, Insightful)
Everyone is. The economy is collapsing exactly as anyone with half a brain would have predicted when we put Trump in charge. Which is why Trump is hiding all of the reports showing how bad the economy is.
America is a failed state. When your leadership starts to hide report data that's when you know it's over.
We normally get 8 years of Democrats fixing the disasters caused by republicans. We never fully recover and the voters inevitably blamed the Democrats for that and go back to the Republicans because voters are dumb. But we usually get 8 years of relative stability with a little bit of Republican sabotage after the midterms and we didn't get that this time. Like absolutely everyone who isn't either an idiot or a paid shill predicted it's an absolute disaster.
I think one of the major problems is we have too many retirees who are completely insulated from the economy and who really do not give a fuck about their kids and grandkids. The kind that find Fox News entertaining for reasons that I do not fully comprehend. Like the kind of twerp that voted for brexit in the uk. People that can set fire to the whole world and get away with it. Probably anyway.
If you're under 65 though I don't think you're going to get away with it. The damage is too extreme and too fast. We are so fucked and the worst thing is is I don't think anyone has learned any lessons from this.
The internet is filled with idiots who have lost their livelihoods because of Trump's idiot policies and asserting that they will vote for him again given the chance. I do not know what you do with people like that but I know there are a bunch of them here and they like to keep their mouths shut when they're not in safe spaces.
Replacing incomprehension with slop (Score:3)
My experience with HP support is the staff are unable to understand questions with any technical depth and won't pas them on to staff who could. You get lip service generic answers which are useless. I assume the AI will be just as useless, but faster.
Shrinking of possible investments (Score:2)
A conjecture here is that there are fewer and fewer viable investments for the large amount of money held by the wealthy.
The net concentration of that much capital at the top will lead to an increasing number of large companies going private, being split up and delisted. It's a snowball effect where the reduction in investments will further concentrate wealth in a shrinking number of places and lead to economic stagnation and decline.
Some of the European exchanges have only about 10 actively traded large s
Offshoring Jobs (Score:1)
The primary driver of these job losses is not AI, but the large-scale offshoring of roles to India and other lower cost markets.
Demand? (Score:2)
Are they being sold because of AI or in spite of?
Re: Demand? (Score:2)
nor only, also bowing to "investor pressure" to achieve AI-compliance, which is now a requirement for any " tech company".
the "investor" now believes that without slop there is no future, so they require slop to invest into.
Hp to cut 4000 out of 58000 jobso r7% (Score:2)
HP to cut about 7% of their employees or 4000 out of 58000 [1]https://en.wikipedia.org/wiki/... [wikipedia.org].
Conjecture: A decade of established companies focusing on their stock analysts numbers improving leads to a culture of stagnation, status quo, decay and lack of innovation.
Cost cutting and stock buy backs with flat or declining top-line revenue for the last decade is not a long term viable business strategy.
$65 billion revenue in 2015 dollars
$54 bullion in revenue in 2025 dollars
Adjusted for inflation,the $65 billio
[1] https://en.wikipedia.org/wiki/HP_Inc
Re: (Score:2)
Same for companies using Scrum and Agile, focusing on burndown rates.
Re: (Score:2)
I work somewhere that just placed an initial order on some of these Copilot+ laptop thingies. Nothing compared to their usual sizes of orders, yet. But some higher in the broligarchy thought it would be an idea to trial them for whatever reason.
I'm assuming the "demand" is propaganda though, like anything from 0 is an infinite increase. To telling whether any of the bros like it enough to buy a second round. They gave up on some gizmos like tablets years ago.