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HP plans to reduce its global workforce by approximately 4,000 to 6,000 employees, with the actions expected to be completed by the end of fiscal 2028. The company frames the fiscal 2026 restructuring plan as a way to improve customer satisfaction, product innovation and productivity primarily through AI adoption and enablement. HP has not disclosed a definitive breakdown of affected roles or locations, and its filings do not show that every planned reduction is directly caused by AI.
How many jobs is HP planning to cut?
HP Inc. expects to reduce global headcount by approximately 4,000–6,000 employees under a plan approved by its board on November 25, 2025. The company expects to complete the actions by the end of fiscal 2028. HP described those figures in its fiscal 2025 results announcement and reiterated the plan in its Form 10-Q for the quarter ended July 31, 2026.
The July filing reports $547 million in charges under the plan for the first nine months of fiscal 2026. That is a financial measure of restructuring activity, not a count of employees who have already left. HP did not report that all 4,000–6,000 reductions had been completed by July 2026.
Why is HP reducing its workforce?
HP says the plan is intended to advance customer satisfaction, product innovation and productivity, primarily through adopting and enabling artificial intelligence. That is the company’s stated rationale for the broader plan; the available filings do not establish that AI is the sole reason for every planned job reduction or that each role eliminated will be replaced by an AI system.
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HP’s July 2026 filing describes implementation work that includes integrating AI into the channel-partner experience and scaling additional AI agents in supply-chain operations. It also says the company expects to accelerate these efforts. Those examples show how HP is applying AI in parts of its business, but they do not identify which specific jobs will be affected.
Which jobs, departments or locations will be affected?
HP has not provided a definitive breakdown of planned reductions by job title, department, country or office in the cited company materials. A TechRadar Pro report discusses product development, customer service and operations as possible areas of impact, but that is secondary reporting—not an official role-level list from HP.
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What are the expected savings and costs?
At announcement, HP estimated approximately $1 billion in gross run-rate savings by the end of fiscal 2028. This is a company projection, not a report of savings already realized. HP also estimated approximately $650 million in labor and non-labor restructuring and other charges, including approximately $250 million in fiscal 2026. Those estimates appear in its fiscal 2025 results announcement.
HP’s July 2026 filing estimates that approximately $500 million of the plan’s expected charges relate to labor costs associated with workforce reductions; the remainder relates to non-labor actions and other charges. The same filing reports $547 million in charges for the first nine months of fiscal 2026. Charges incurred to date and estimates of total labor costs are different measures, and neither provides a completed headcount tally.
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How does the plan compare with HP’s earlier restructuring?
HP’s fiscal 2023 restructuring was aimed at digital transformation, portfolio optimization and operational efficiency. In its fiscal 2025 Form 10-K, HP said that earlier plan was substantially complete and that approximately 9,500 employees had departed under it. The current fiscal 2026 plan emphasizes AI adoption and enablement, targets approximately 4,000–6,000 reductions, and is expected to run through fiscal 2028. The earlier plan’s completion and employee figure are described in HP’s fiscal 2025 Form 10-K; they should not be added to or confused with the current plan.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What does HP’s business performance show?
HP reported fiscal 2026 third-quarter net revenue of $15.7 billion, up 12.5% year over year, in its third-quarter results release. The revenue result provides business context but does not, by itself, explain the workforce plan. In that release, interim CEO Bruce Broussard said, “The strong foundation we are building as a trusted edge platform positions us well to lead as AI evolves and allows us to help customers improve their AI economics, security, latency and governance.”
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