HP plans to lay off 30,000 employees

HP plans to lay off 30,000 employees

The announcement was made in a statement dated company in San Jose (California, USA), which realizes a series of measures as part of efforts being made to restructure the group.

The information emerged during a meeting they had today HP executives with stock market analysts in which details of the group’s strategy is outlined and the financial perspective were updated.

The technology group has implemented a restructuring since last year. And then he announced its intention to dispose of about 50,000 employees, who number between 25,000 and 30,000 announced today.

On October 6, 2014 HP reported that it would split into two companies: HP Inc., which will assume the functions associated with personal computers and printers, Hewlett Packard Enterprise, dedicated to providing computer services to companies.

The division is expected to remain completed in November. Hewlett Packard Enterprise listed on the bag with the HPE symbol.

“Hewlett Packard Enterprise will be smaller and more focused on what HP is today,” said President and CEO of HP group, Meg Whitman.

Whitman is scheduled to remain at the head of the division focused on providing services in equipment and software companies, while Dion Weisler will become the top executive of the personal computer sector.

The statement said the corporate services division will have 50,000 million dollars in annual revenue.

“As a separate company, we are better positioned than ever to meet the changing needs of our customers around the world,” Whitman said in the statement.

At the same meeting, Tom Stonesifer, will be the CFO of HPE, he introduced a plan to generate an annual reduction of 2,700 million thus restructuring actions as business development.

This reduction will start to notice the results of the last quarter of this fiscal year for HP, which ends in October.

“To ensure these savings, Hewlett Packard Enterprise expects 25,000 to 30,000 people leave the company,” especially by the changes that will suffer the corporate services division.

The statement, however, does not detail when the workforce reduction, which represents about 10% of the current staffing of the HP group will apply.

“These restructuring actions will allow Hewlett Packard Enterprise it more competitive and a more sustainable cost structure,” said Whitman.

The announcement was made after the close of Wall Street. In extended trading two hours after the end of the session, shares of HP were down 1.33%.

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