Hewlett Packard reportedly planning to cut 5,000 jobs

Hewlett Packard reportedly planning to cut 5,000 jobs

Tech giant Hewlett Packard Enterprise (HP) is mulling a plan to slash its workforce to pare expenses and improve its profitability, people familiar with the matter revealed.

Speaking on the condition of anonymity, people familiar with the matter said that HP is working on a plan to slash its workforce by 10 per cent. As the company has nearly 50,000 workers, the potential job cuts mean that the company would likely throw nearly 5,000 people out of work.

The job cuts would most probably affect workers in the United States and abroad, field workers and managers.

The company’s chief executive officer Meg Whitman has been getting rid of some key divisions since 2015 at HP, including PC, printers, business services as well as key software units.

Talking about the management plan earlier, Whitman said, “With fewer lines of business and clear strategic priorities, we have the opportunity to create an internal structure and operating model that is simpler, nimbler and faster.”

The plan is said to be part of HP’s bigger plan to combat its soaring expenses. However, a representative for the popular computer giant did not immediately respond to repeated requests for a comment on the matter.

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