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Hewlett Packard Enterprise may be in line for 5000 job cuts

PALO ALTO — Hewlett Packard Enterprise’s ongoing transformation under Chief Executive Meg Whitman doesn’t appear to be over, and it may include fewer HPE employees as a result.

A report from Bloomberg said that HPE is ready to cut 5,000 jobs by the end of the year, which is equal to about 10 percent of the Palo Alto-based computing giant’s current workforce.

In late 2015, H-P split into two companies: Hewlett Packard Enterprise, which took responsibility for products such as networking, data storage, servers and business software; and HP Inc., which handles personal computers and printing technologies.

Since that split, Whitman has presided over thousands of layoffs and spun off its enterprise services business, and most of its software operations.

The results beat the estimates of Wall Street analysts, who had forecast HPE to earn 26 cents a share on sales of $7.5 billion.

READ MORE (The Mercury News)

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Hewlett Packard Enterprise may be in line for 5000 job cuts


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