Synopsis: HP Inc has unveiled plans to cut between 4,000 and 6,000 jobs worldwide by 2028 as part of a major restructuring strategy driven by automation and AI adoption.The move comes amid a fresh wave of tech layoffs, with global giants like Amazon and Synopsys also slashing thousands of roles to streamline operations.
HP to Cut Thousands of Jobs as Tech Layoffs Intensify Worldwide
In a significant development for the global tech industry, HP Inc has announced that it will eliminate between 4,000 and 6,000 jobs by fiscal 2028. The company said the move is part of a broader restructuring strategy aimed at streamlining operations, accelerating product development and increasing the use of artificial intelligence across its business.
HP CEO Enrique Lores confirmed during a media briefing that the layoffs will primarily impact employees working in product development, internal operations and customer support. The restructuring is expected to generate around $1 billion in gross run-rate savings over the next three years.
Following the announcement, HP’s stock dropped 5.5% in extended trading, reflecting investor concerns over the scale of the workforce reduction.
Previous Cuts and Industry Trend
This isn’t the first round of layoffs for HP. Earlier this year, the company had already let go of more than 2,000 employees as part of an ongoing cost-cutting plan. The latest job cuts signal a deeper shift toward automation-driven efficiency.
The announcement also comes at a time when the tech sector is undergoing a renewed wave of downsizing. According to layoff.fyi data:
- 21 companies laid off 18,510 employees in October
- Amazon plans to cut more than 14,000 corporate jobs, marking the largest round of layoffs in its history
- In November alone, 20 tech firms have already laid off 4,545 workers
Chip design software firm Synopsys carried out one of the biggest recent cuts, slashing around 2,000 jobs, or roughly 10% of its workforce. Regulatory filings show the move was aimed at redirecting investments toward emerging growth areas.
Over 1.1 Million Tech Jobs Lost in 2025
So far in 2025, the global tech landscape has seen dramatic workforce disruption. Data shows that 237 tech companies have laid off more than 1.1 million employees, underscoring a massive structural reset across the industry.
Experts say the shift is being driven by:
- increasing automation
- artificial intelligence integration
- cost optimisation
- reduced corporate spending
- changing consumer demand
While companies claim these moves will enhance productivity and reduce bureaucracy, the human impact remains substantial.
What Lies Ahead
Analysts believe more job cuts could follow as tech giants continue repositioning for an AI-first future. For HP, the coming years will test whether aggressive restructuring can translate into sustained growth and innovation.
Disclaimer: This article is based on publicly available reports and industry data. It is intended for informational purposes only and should not be viewed as financial, investment or employment advice.
