HP layoffs: IT giant to cut up to 6,000 jobs by 2028 amid shift to AI
California: HP Inc. announced on Tuesday that it plans to cut between 4,000 and 6,000 jobs globally by fiscal 2028, joining a growing number of tech companies that are accelerating their adoption of artificial intelligence (AI) tools.
The cost-cutting measures come as the company seeks to streamline its operations and integrate AI to speed up product development, enhance customer satisfaction, and boost productivity, according to a report by Reuters.
However, investors were less enthusiastic, as HP’s shares dropped 5.5 per cent in extended trading following the announcement.
HP CEO Enrique Lores confirmed that job cuts would affect teams involved in product development, internal operations, and customer support. "We expect this initiative will create $1 billion in gross run rate savings over three years," the news agency quoted Lores as saying.
This announcement follows HP's earlier move in February, when the company laid off an additional 1,000 to 2,000 employees as part of a previously announced restructuring plan.
Even as HP leans on AI to cut costs, it faces new financial challenges from rising component prices. Analysts at Morgan Stanley reportedly have warned that a global surge in memory chip prices, fuelled by AI infrastructure demand, could pressure profit margins for PC makers like HP, Dell, and Acer.
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Congress using hijab issue to pacify minority anger, alleges Karnataka LoP R Ashoka
Bengaluru: Leader of Opposition in the Assembly R. Ashoka has accused the Congress government of using the hijab issue to placate what he described as discontent among minority voters after the Davanagere by-election.
In a post on X on Wednesday, Ashoka alleged that the state government, instead of addressing issues such as price rise, corruption, farmers’ distress and law and order, was attempting to retain its minority vote base by reviving the hijab issue.
Referring to the 2022 dress code introduced by the BJP government, which prohibited hijab in schools and colleges, Ashoka said the Karnataka High Court had upheld the policy and emphasised the importance of discipline in educational institutions.
He questioned the Congress government’s move to revisit the issue and asked whether setting aside the court-backed policy to benefit one community could be described as secularism.
Ashoka further alleged that while the government was willing to permit hijab, it continued to prohibit saffron shawls.
He accused the government of dividing students on religious lines rather than treating schools and colleges as spaces of equality.
Drawing a comparison with Mamata Banerjee’s government in West Bengal, Ashoka claimed that excessive appeasement politics had harmed the state and warned that the Congress in Karnataka could face a similar political response.
He said voters in Karnataka would teach the Congress a lesson for what he termed “vote-bank politics” and for compromising constitutional and judicial principles.
