Hewlett Packard Enterprise to cut 10 percent of its workforce

Shawn Knight

Posts: 15,240   +192
Staff member

Hewlett Packard Enterprise Co. is planning to let go of roughly 10 percent of its workforce, or around 5,000 employees, as part of a cost-cutting effort that’ll begin before the end of the year.

Sources familiar with the matter tell Bloomberg that increased competition has spurred the change.

HPE didn’t immediately respond to the publication’s request for comment.

The job cuts will reportedly affect those in the US and abroad. Some managerial positions will also be in jeopardy, the sources said. HPE has around 50,000 staffers worldwide.

As the publication highlights, CEO Meg Whitman has been trimming divisions since 2015 as a way to make HPE more responsive to a changing industry courtesy of cloud providers like Amazon and Google. The company completed the sale of its software business to enterprise software vendor Micro Focus for $8.8 billion a couple of weeks ago.

Earlier this month, the executive said on a call with analysts that it is benefiting from growing demand across select areas of the business. She also spoke of her desire to cut “layers” into the company to become simpler, nimbler and faster. CFO Tim Stonesifer said during the same call that HPE expects to realize $1.5 billion in savings over a three-year period.

Whitman was reportedly a leading candidate for Uber's vacant CEO position but elected to stick with HPE. The ride-hailing platform ultimately went with Dara Khosrowshahi.

Permalink to story.

 
Sticking with HP or going to Uber??? That's one helluva choice to make. I don't envy her in the least. Maybe she should just do what Mayer from Yahoo! did, grab the money and sail off into the sunset.
 
I don't know ..... with as poor a rep the HP company has, she really has only one way to go .... UP! Of course, that will start with the complete removal of their marketing department and hiring people that understand what draws and keeps loyal customers .............. WOW, what a concept!
 
If they still made printers the way they made those 4000/4050/4200/4240/4250/4300's, HP would be adding 10% instead of subtracting!
 
Back