Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »
At least 5,000 jobs will be cut at Hewlett Packard Enterprise (HPE), comprising around 10% of its global workforce. The layoffs are expected to start before the end of the year, Bloomberg reports.
Sources familiar with the matter told Bloomberg the cuts are likely to affect staff in the US as well as abroad and will include people at management level.
Earlier this month the company’s chief financial officer said they are targeting US$1.5 billion in savings over a three-year period. Additionally, CEO Meg Whitman said she’s pushing to cut layers in the organisation and become more efficient, creating a simpler, nimbler and faster operating model.
Human Resources has reached out to HPE for further comment.
HPE isn’t the first company this month to plan job cuts in order to build a less complex organisation. In early September, the LEGO Group announced it’s reducing its global workforce by 8% in an attempt to simplify the business model.