HP Inc. plans to reduce its global workforce by 4,000 to 6,000 employees as part of the “Fiscal 2026 Plan” to boost customer satisfaction and innovation. The company expects $1 billion in savings by fiscal 2028. HP will incur $650 million in charges for the restructuring, with $250 million in fiscal 2026. For the first quarter of fiscal 2026, HP expects net earnings per share of $0.58 to $0.66 and non-GAAP net earnings per share of $0.73 to $0.81, below analysts’ estimates of $0.78. The company projects annual earnings of $2.47 to $2.77 per share for fiscal 2026. HPQ stock closed at $24.32, dropping to $23.25 in overnight trading.

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