Hewlett Packard Enterprise (HPE) is expected to announced a 10 percent reduction of its staff, Bloomberg reported, with sources saying the company will cut at least 5,000 jobs in an attempt to pare expenses as competition mounts. The company will start taking action before the end of the year, with cuts affecting workers in the US and abroad, including managers. HPE did not immediately respond to requests for comment.
On a call with analysts earlier this month, CEO Meg Whitman said the company was benefiting from growing demand across key areas of the business. At the same time, she said she wanted to cut “layers” in the organisation and have it become more efficient. “With fewer lines of business and clear strategic priorities, we have the opportunity to create an internal structure and operating model that is simpler, nimbler and faster,” she said.
On the same call, CFO Tim Stonesifer said the company is aiming to save USD 1.5 billion over the coming three years.
