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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)


  • HPE's Meg Whitman Won't Be Uber's CEO. But She Could Be the First Female PresidentFortune
  • Hewlett Packard Enterprise to cut 5000 jobs: reportThe Mercury News
  • Hewlett Packard Enterprise said to plan about 5000 job cutsLivemint
  • HPE plans 5000 job cuts: BloombergYahoo News Canada (blog)
  • Hewlett Packard Enterprise to cut 10% of its employees, continuing its ...VentureBeat
  • Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash JobsTheStreet.com
  • HPE plans to slash 5000 jobs, reports saySilicon Valley Business Journal
  • HP Enterprise Layoffs: HPE to Cut 5000 JobsInvestorplace.com
  • Term Sheet — Friday, September 22Fortune


This post first appeared on The 5th News, please read the originial post: here

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