12:48 - 26.11.2025

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November 26, Fineko/abc.az. HP Inc. announced plans to cut 4,000-6,000 employees (up to 10% of the staff) due to revision of the strategy and weak profit forecast for 2026. Company's shares fell by 6% in the postmarket.

ABC.AZ reports that with quarterly revenue growing to $14.64 billion and earnings of 93 cents per share, the forecast for 2026 was lower than expected: $2.90–3.20 per share against consensus of $3.33. Trade restrictions and rising memory costs are weighing on the figures.

The cuts will be completed by 2028, with expected savings of $1 billion per year. The main restructuring costs (about $250 million) will be incurred in 2026. HP plans to rely on AI-based solutions.

The PC segment grew by 8% to $10.35 billion, while the print segment decreased by 4%. HP shares have fallen by 25% in a year.