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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US rules out use of nuclear weapons against Iran
Washington DC: The White House has reportedly ruled out the use of nuclear weapons against Iran, even as uncertainty continues over ongoing peace negotiations and a deadline set by US President Donald Trump approaches.
Issues bout a possible escalation had increased after US Vice President JD Vance said that the United States has “tools in our toolkit that we so far haven’t decided to use” in dealing with Iran.
His remarks came amid rising tensions and ahead of a deadline linked to peace efforts.
The situation has attracted attention as Trump warned Iran that its “whole civilization will die tonight tonight” if an agreement is not reached by Tuesday at 8 pm.
This statement led to speculation about the possibility of extreme military measures, including a nuclear strike.
Following Vance’s comments, the White House issued a clarification distancing itself from such interpretations. In a post on X, it said, "Literally nothing @VP said here 'implies' this, you absolute buffoons." In a later statement, it added that “only the president knows” what action will be taken regarding Iran.
Literally nothing @VP said here "implies" this, you absolute buffoons https://t.co/7JU3wXMaWX
— Rapid Response 47 (@RapidResponse47) April 7, 2026
