HP is to cut up to 6,000 jobs worldwide in the next three years as the U.S. computer and printer maker increasingly adopts artificial intelligence (AI) to speed up product development, reports the Guardian.

HP, formerly known as Hewlett Packard, on November 26 reported a lower-than-expected profit outlook for the coming year, and said it would cut between 4,000 and 6,000 jobs by the end of October 2028, or up to 11% of its total workforce.

“As we look ahead, we see a significant opportunity to embed AI into HP to accelerate product innovation, improve customer satisfaction and boost productivity,” said the California company’s chief executive, Enrique Lores.

He said the workers affected would be those working on product development, internal operations and customer support, adding that this would lead to $1 billion savings a year by 2028, although the cuts would cost an estimated $650 million.

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According to a report by the McKinsey Global Institute, in the U.S. alone about 40% of jobs could be replaced by AI, in sectors ranging from education and healthcare to business and legal.

HP had already cut between 1,000 and 2,000 staff in February as part of a restructuring plan.