HP Inc. (HPQ) announced that it expects to reduce its global workforce by about 4,000 to 6,000 employees as part of a newly launched company-wide initiative, the "Fiscal 2026 Plan." The plan is designed to enhance customer satisfaction, accelerate product innovation, and improve productivity through artificial intelligence adoption and enablement.
HP estimates the actions will deliver gross run rate savings of about $1 billion by the end of fiscal 2028.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.