04:57 PM EST, 11/25/2025 (MT Newswires) -- HP (HPQ) said late Tuesday it will cut between 4,000 and 6,000 global jobs as part of a "company-wide initiative" aimed at boosting productivity and driving artificial intelligence adoption across its operations.

HP said the actions are expected to generate about $1 billion in annual gross run-rate savings by the end of fiscal 2028.

HP expects to incur roughly $650 million in restructuring charges, including about $250 million in fiscal 2026, and said its workforce reductions and related measures will be completed by the end of fiscal 2028.

HP also announced that its board authorized an increase in its planned quarterly cash dividend to $0.30 per share, payable on Jan. 2, 2026 to stockholders of record on Dec. 11.