HP is planning to cut thousands of jobs as part of a broader restructuring effort aimed at saving millions of dollars annually. The company said the layoffs will primarily affect product development and internal operations teams, which are expected to be hit hardest. The move is part of a larger strategy to streamline operations and increase efficiency, with a strong focus on accelerating the adoption of artificial intelligence across its business. HP executives have stated that the integration of AI tools into daily workflows will help reduce manual tasks, improve decision-making, and speed up product development cycles. By automating routine processes and enhancing data analysis, the company aims to achieve significant cost savings while maintaining innovation momentum. The restructuring comes amid a challenging market environment for technology hardware, with slowing demand for personal computers and increased competition. HP has also faced pressure to improve profitability and adapt to rapid changes in the AI-driven tech landscape. While the company did not disclose the exact number of job cuts, sources familiar with the plan said the reductions could impact thousands of employees globally. Affected workers will be offered severance packages and outplacement support, according to internal communications. HP emphasized that the changes are not a sign of declining performance but rather a proactive step to future-proof the business. The company remains committed to long-term growth, particularly in areas like printing, enterprise solutions, and AI-powered devices. Leadership believes that combining workforce optimization with AI adoption will position HP to respond more quickly to market shifts and deliver greater value to customers. The transition is expected to unfold over the next 12 to 18 months, with ongoing updates to be shared with employees and stakeholders.