HP to cut up to 30,000 more jobs in enterprise business
- 9 years ago
Hewlett-Packard Co, which is splitting into two listed companies later this year, said that it expects to cut another 25,000 to 30,000 jobs in its enterprise business as the tech pioneer adjusts to falling demand.
The latest cuts, on top of layoffs of 55,000 workers previously announced under chief executive officer Meg Whitman, notably will be in the company's faster-growing corporate hardware and services operations, to be spun off as Hewlett Packard Enterprise, or HPE, on November 1.
The latest job cuts indicate a reduction of the company's total workforce by at least 10%, based on the company's most recent number of more than 300,000 employees as of October 31, 2014, and reflecting the previously announced reduction of 55,000.
The latest cuts, on top of layoffs of 55,000 workers previously announced under chief executive officer Meg Whitman, notably will be in the company's faster-growing corporate hardware and services operations, to be spun off as Hewlett Packard Enterprise, or HPE, on November 1.
The latest job cuts indicate a reduction of the company's total workforce by at least 10%, based on the company's most recent number of more than 300,000 employees as of October 31, 2014, and reflecting the previously announced reduction of 55,000.