Hewlett-Packard says it expects to cut between 25,000 and 30,000 more jobs in its enterprise division, as it adjusts to falling demand. The latest
Hewlett-Packard says it expects to cut between 25,000 and 30,000 more jobs in its enterprise division, as it adjusts to falling demand.
The latest reductions, which are expected to be global, come on top of 55,000 layoffs previously announced. The company says they will be in its faster growing corporate hardware and services operations – to be known as Hewlett-Packard Enterprise (HPE) when the firm splits into two later this year.
The other unit, HP Inc, will comprise its computer and printer business, which has been hit by declining sales of PCs.
The total cuts represent about a tenth of the workforce.
The job reductions are aimed at saving $2.7 billion (2.4 billion euros) a year – although HP says the plan will cost as much to carry out.
“We’ve done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring,” CEO Meg Whitman said in a statement.