HP Inc. plans to cut 4,000-6,000 jobs by fiscal 2028 as part of a restructuring to integrate AI, aiming for $1 billion in savings amid a softening PC market. CEO Enrique Lores highlights AI's role in boosting efficiency and innovation. This reflects broader tech trends where AI displaces jobs while driving competitiveness.
A deep dive into the new MIT study reporting that 11.7% of the U.S. workforce is now economically displaceable by AI. This analysis explores the shift from augmentation to replacement in finance and healthcare, the rise of agentic AI, and the corporate strategy of silent layoffs.
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