Apple has recently decided to lay off many employees from the sales team. After this, now another big news has come on job layoff. In fact, America’s famous company HP is going to eliminate 6000 jobs in the next 3 years. This retrenchment will start from 2025 and will be completed by 2028. The company currently has about 60,000 employees worldwide, which means about 10 percent of the total workforce will go through job cuts.
According to the report of Economic Times, HP says that it is now preparing to be completely based on Artificial Intelligence i.e. AI. The company also says that this layoff will save 1 billion US dollars in 3 years. One billion dollars means approximately Rs 8300 crore.
HP shares fall
Company CEO Enrique Lores said that out of the new personal computers currently being sold, more than 30 percent are AI based. That means customers now want to buy only smart machines. In the last quarter i.e. the fourth quarter, the company did a total business of $ 14.64 billion, which was more than expected. But the profit forecast for the next year 2026 is only $ 2.90 to $ 3.20 per share, while the market was expecting $ 3.33. For this reason, after the news came, HP shares fell by 5.5 percent.
A big problem has also arisen due to AI. The price of the special chips required to run AI has increased a lot. The company says that this inflation may increase further by the second half of 2026. They have a lot of stock right now, so the first 6 months will be fine. They are looking for cheap suppliers and will also increase the prices of computers slightly so that there is no loss.
HP had made this announcement in February 2025
Earlier also HP had announced to reduce 1000 to 2000 jobs in February 2025. Now this new layoff of 6000 is a big part of that plan. Most of the cuts will be in product development, internal working and customer support teams.
HP CEO Enrique Lores says that the real blow to the company will come in the second half of 2026, when the prices of chips and memory will increase further, hence the prices of computers will also have to increase more. The good thing is that they already have enough stock for the first half, so there will be no problem right now.
The CEO of the company gave this information
“We are forecasting very cautiously for the second half, but are also taking rapid action, such as finding cheaper suppliers, putting less memory in computers and raising prices,” Lores said. The company expects earnings per share in 2026 to be between $2.90 and $3.20, while market analysts were expecting $3.33. Profit in the first quarter may also be between 73 cents and 81 cents, with the middle figure being less than the expectation of 79 cents. At the same time, in the fourth quarter the company earned $14.64 billion, which was more than the estimate of $14.48 billion.
HP has many big centers in India like Bangalore, Chennai, Hyderabad, Noida etc. Thousands of Indians work here. There is also a possibility that some people may lose their jobs here too. But the good thing is that new jobs are also being created because of AI. The salary of AI Engineer, Data Scientist, Machine Learning Expert starts from Rs 15-20 lakh and goes up to Rs 50-60 lakh. According to CNBC report, from 2022 to 2024, the entire tech industry was in the grip of recession. Meta, Google, Amazon and Microsoft brought thousands of people on the streets. Meta has laid off more than 21,000 employees, Google has laid off 12,000, Amazon has laid off 27,000 and Microsoft has laid off 10,000 employees.
