Analysts predict earnings surpassing the estimate. Which doesn’t mean there will be no layoffs.
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Yet another person who didn't listen to Enrique back 2022. He specifically said that layoffs will continue to happen until the end of 2025. He was very clear about this three year plan. Just because HP will exceed earnings does not make them invulnerable to poor management of operating costs.
They have a large cash flow but instead of using that money to retain headcount and creating pools for bonuses, they would rather spend it on parties, Enrique's private jet, and making ridiculous promises of providing an $X dividend and buybacks for their investors.
Earnings vs. Revenue is the key. Lores acquired Poly to show total revenue went up (through acquisition), and he fired a bunch of people to show that earnings went up (but that doesn't mean the company sold more stuff).
Good analysts will see through that if printers and related supplies margins and revenue went down. HP has been losing 5-7% in printer revenues every year and margins are being squeezed now that customers are revolting against HP only toners and cartridges and their printers being locked.