SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

HP logo

Hewlett Packard Enterprise said to be cutting 5,000 jobs



Gathering 50 top regional chief HR and senior business leaders at a three-day business retreat forum, the exclusive HR Innovation Leaders' Summit will happen from September 9-11. Get involved.

閱讀中文版本

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.

ALSO READ: thyssenkrupp and Tata Steel JV to result in 4,000 job cuts in Europe



Back in Hong Kong for its fourth year on September 5 at the Hotel ICON, Learning and Development Asia is bigger and better than ever before and earned its reputation as the most influential L&D strategy event in Asia.
Pre-order your tickets now!
Contact us now for an amazing group discount

Read More News

Trending