HP Inc. announced it will cut between 4,000 and 6,000 jobs, up to 10% of its workforce, as part of a strategy to streamline operations and accelerate efficiency by integrating AI, expecting at least $1 billion in annual savings by fiscal 2028. CEO Enrique Lores stated the company aims to drive innovation and productivity with deeper AI adoption, but rising memory prices and US regulations are impacting financial forecasts, with shares down 25% year-to-date while the S&P 500 index rose 15%.