HP Enterprise plans
HP Enterprise plans to cut 10% of its staff
The glorious days of HP are long gone and many manufacturers from China and other Asian markets are giving brands like HP a tough run for its money by providing products of similar quality at a much more affordable price.
A few executives from HP Enterprise have given out a statement that the company is said to plan about 5,000 (or 10%) job cuts in an effort to slash expenses. The job cuts will affect workers both in the US and abroad which will include the managers. Bloomberg also stated that the job cuts are likely to begin before the end of the year. However, the company was not readily available to comment on it.
Anand Srinivasan, a Bloomberg Intelligence analyst, wrote in a blog post that the job cuts will not create long-term changes to the structural growth of the company and that the changes may last one or two quarters.
HP Enterprise split from HP in 2015 to operate as a separate company under the leadership of Meg Whitman and in those two short years, we’ve seen several rounds of layoffs from the company. Meg Whitman stated that with fewer lines of businesses and clear priorities, the company will be able to focus on the essentials by creating a much simpler operating model.