Hewlett Packard Enterprise, cut workforce

Hewlett Packard Enterprise announces plan to cut workforce by 2,500
Spring-based Hewlett Packard Enterprise has revealed it is set to lay off an estimated 2,500 workers following disappointing economic performance. The company—which employs about 2,000 people in the Houston area— announced it would reduce operating costs by cutting about 5 percent of its workforce through layoffs and attrition over the next 18 months.
Hewlett Packard Enterprise Announces 2,500 Job Cuts Amid Cost Reduction Efforts in Spring, Texas
HPE plans to cut about 2,500 employees over the next 18 months to reduce costs, despite a revenue increase of 16.9% in the recent quarter. The exact impact on Houston staff is unspecified.
Hewlett Packard Enterprise Stock Sinks on Firm's Outlook, Cost-Cutting Measures
Key Takeaways Hewlett Packard Enterprise gave profit guidance below estimates.The IT firm also missed quarterly profit estimates, with CEO Antonio Neri noting "we could have executed better."Hewlett Packard Enterprise also announced a cost-cutting plan that includes reducing staff by about 5%.
Why Hewlett Packard Enterprise Stock Tanked Today
Hewlett Packard Enterprise ( HPE -15.84%) stock collapsed in a 15.2% rout (through 9:50 a.m. ET) this morning after reporting mixed earnings last night, and forecasting a significantly worse 2025 than most Wall Street analysts had been expecting.
Spring-based Hewlett Packard Enterprise to cut 2,500 from global workforce
The technology company in recent years relocated its corporate headquarters from Silicon Valley to the Houston area.
HPE Earnings: Hewlett Packard Enterprise Stock Craters 17% on Soft Guidance
The stock of Hewlett Packard Enterprise (HPE) is down 17% after the information technology (IT) company reported mixed financials results and
Hewlett Packard Enterprise Co. stock outperforms competitors despite losses on the day
This was the stock's third consecutive day of losses.
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