Hewlett Packard Expects Up To 30,000 More Job Cuts
15 September 2015 - 11:34PM
Dow Jones News
By George Stahl
Hewlett-Packard Co. said its spinoff focused on selling
corporate technology and services expects to cut its workforce by
up to 30,000 employees based on the company's restructuring
plan.
Overall, the new Hewlett-Packard Enterprise expects to cut $2.7
billion in costs.
"These restructuring activities will enable a more competitive,
sustainable cost structure for the new Hewlett Packard Enterprise,"
Chief Executive Meg Whitman said in a news release. "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."
Hewlett Packard Enterprise, which is expected to split from the
current Hewlett-Packard on Nov. 1, will primarily sell computers
and software that corporations use to run their operations. That
business is threatened by big companies renting computing power
from Amazon.com Inc., Microsoft Corp. and International Business
Machines Corp., among others.
The remaining company, HP Inc., will push personal computers and
printers.
Write to George Stahl at george.stahl@wsj.com
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(END) Dow Jones Newswires
September 15, 2015 17:19 ET (21:19 GMT)
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