HP to cut global headcount by 10%, up to 6K jobs will be impacted as it pivots to AI

November 26, 2025• byEric L.

[Editor’s Note: This article has been updated to reflect HP’s response to Vulcan Post’s media enquiry as of 11.47AM on Nov 26, 2025.]

The layoffs will hit HP’s product development, operations, and customer support teams

Computer and printer maker HP has announced plans to cut 10% of its global workforce as it pivots towards AI to boost efficiency.

In its latest earnings report published yesterday (Nov 25), the tech giant said it expects to reduce its gross global headcount by approximately 4,000 to 6,000 employees by the end of the 2028 fiscal year as it aims to drive customer satisfaction, product innovation, and productivity through AI.

HP’s plans could save the company US$1 billion annually by FY2028, but will cost around US$650 million in restructuring, including US$250 million in 2026.

According to a CNA news report, HP CEO Enrique Lores shared that teams focused on product development, internal operations, and customer support will be affected by the layoffs.

Vulcan Post has contacted HP to confirm whether job roles in Singapore will be affected, but the company has declined to comment.

The computer and printer maker had previously conducted a job cut of 1,000 to 2,000 employees earlier this Feb, as part of a restructuring plan announced in 2022.

HP’s announcement follows earlier layoffs by other tech giants this year, notably Meta, TikTok, Microsoft, and Amazon, with a similar objective: expanding their AI infrastructure and streamlining operations.

A recent report by the Ministry of Trade and Industry (MTI) showed that the Information & Communications sector in Singapore has witnessed a reduction of 4,100 jobs in 2025, despite a deficit of candidates.

This brings the total reduction in the sector’s headcount over the past two years to nearly 10,000, highlighting a continued contraction.