
Photo: New York Times
Well, well, well… the prophecy has arrived.
AI is coming for our jobs — and the biggest proof is that the very companies building the tech are now being replaced by it.
Ironic, no? 🍿
Yesterday, Hewlett-Packard (aka HP) announced it’s cutting 4,000–6,000 jobs, roughly 10% of its entire workforce, as it leans harder into AI to “speed up product development, improve customer satisfaction, and boost productivity.”
The timing comes right after HP dropped its latest earnings. And on paper, things actually looked… decent. Both revenue ($14.64 billion) and earnings (93¢ per share) beat expectations. 📈
Unfortunately, the outlook for next year is killing the vibe.
In a statement, CEO Enrique Lores explained that higher prices — largely due to new US trade regulations — are going to hit hard in the second half of the year.
(There’s enough inventory to keep the first half smooth). 🧾
As a result, HP expects $2.90 to $3.20 in adjusted EPS, well below the $3.33 analysts were hoping for.
Shares (HPQ) dipped 6% in after-hours trading, dragging the stock down to a 25% loss for the year. Yikes. 😬
There is plenty of optimism ahead — it’ll just take some patience. HP expects a big upgrade cycle once people ditch Windows 10 for good, and integrating AI into its products could give it a fresh competitive edge. ✨


