HP Enterprise sheds 10% of its workforce

by bold-lichterman

The restructuring of Hewlett Packard Enterprise (HPE) is painful. The IT company plans to cut at least 5,000 jobs, or 10% of its workforce, according to Bloomberg. Still according to the American media, these large-scale job cuts should begin before the end of the year and concern employees of the group working in the United States and abroad. According to Bloomberg, management positions would be in the sights of HPE.

This workforce cut is part of the savings plan announced in early September by Meg Whitman, CEO of HPE, on the occasion of the publication of the group’s quarterly results. Called “HPE Next”, this plan aims to concentrate teams in the most profitable countries. “With fewer business areas and clear strategic priorities, we have the opportunity to create a simpler, more agile and faster internal structure and operating model.», Declared the boss of the group.

HPE begins to take its head out of the water

On this occasion, the American firm also announced a quarterly turnover up 3%, to $ 8.2 billion. This figure has exceeded the expectations of analysts who expected $ 7.5 billion in revenue. “Third quarter results are encouraging sign of progress», Congratulated Meg Whitman.

Since the split of the American giant Hewlett Packard at the end of 2015, the HPE entity has been in the process of restructuring. In September 2016, it notably sold the major part of its software unit to the British publisher Micro Focus for 8.8 billion dollars, thus ceding an essential part of its turnover. The operation was finalized in early September.