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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.