In late 2025, significant workforce reductions have emerged within the tech industry, particularly among major players like HP Inc. and Apple. The shift toward artificial intelligence has prompted these companies to rethink their workforce strategies.
HP Inc. Job Cuts Details
HP Inc. has announced plans to reduce its workforce by 4,000 to 6,000 jobs by the end of fiscal 2028. This represents about 12 to 15 percent of its global workforce.
- Job Cuts: 4,000 6,000 employees
- Percentage of Workforce: 12 15%
- Fiscal Year End: 2028
The restructuring is part of a broader initiative aimed at enhancing AIdriven product development. HP’s CEO, Enrique Lores, emphasized the need for these layoffs to streamline operations and focus heavily on artificial intelligence capabilities.
Financial Overview
During its fiscal 2025 earnings report, HP reported revenue of approximately $14.8 billion in the fourth quarter. The company projects considerable costsaving measures resulting from the restructuring.
- Projected Cost Savings: $1 billion by the end of fiscal 2028
- Estimated Restructuring Charges: $650 million
- Annual Savings Rate: Nearly $1 billion once fully implemented
Apple’s Layoff Announcement
In the same week, Apple announced layoffs affecting its global sales division, albeit on a smaller scale. The company confirmed it was cutting a limited number of roles to optimize its market strategy and better engage with customers.
Trends in the Tech Industry
The recent layoffs highlight a troubling trend where major tech companies are pivoting from traditional roles towards AIrelated positions. This shift signifies how tech giants are recalibrating their priorities to embrace AI dominance.
For IT professionals, especially in India, these developments could have significant implications for hiring. Given India’s extensive global capability centers, the job cuts may influence the country’s offshore delivery models and overall employment landscape.