Computer and printer giant HP has announced a major restructuring plan.
The move is expected to reduce about 10% of the company's workforce worldwide.
The decision comes as HP begins to apply artificial intelligence (AI) to improve operational efficiency.
The company will cut between 4,000 and 6,000 employees to focus entirely on using AI to drive innovation and improve customer satisfaction.
HP's move reflects a broader trend in the technology sector, where companies are investing heavily in AI development while using the technology to reduce operating costs.
Several leading technology companies, including Google, Microsoft, and Amazon, have cut their workforces in the past two years to shift resources towards AI initiatives.
HP CEO Enrique Lores said the company now plans to raise computer prices and work with new suppliers to cover the higher costs of AI computing.
The firm is also trying to adapt its business model in response to changing demand patterns in the computer (PC) and printing markets.
