🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
HP's $1B Cost-Cutting Bet: 6,000 Jobs Gone, AI Gets the Budget
HP just dropped a bombshell: slashing up to 6,000 employees globally under the “Fiscal 2026 Plan.” Here’s the play—the printer giant is banking on AI and automation to justify the cuts, promising $1 billion in run-rate savings by end of fiscal 2028.
The Numbers:
Market Reaction: HPQ tanked overnight—$24.32 close, then dropped another 4.4% in after-hours to $23.25. Wall Street clearly wasn’t thrilled about missing Q1 expectations.
Translation: HP is betting its restructuring—cutting headcount while pouring into AI/innovation—will unlock efficiency. But the EPS guidance miss signals the near-term pain outweighs investor optimism. Classic playbook: short-term bloodbath for long-term upside. The stock getting rekt overnight is the market saying “show me the $1B savings first.”