Advertisement
Singapore markets close in 1 hour 30 minutes
  • Straits Times Index

    3,173.16
    +1.23 (+0.04%)
     
  • Nikkei

    40,003.60
    +263.20 (+0.66%)
     
  • Hang Seng

    16,547.41
    -189.69 (-1.13%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Bitcoin USD

    64,263.93
    -3,930.68 (-5.76%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.63 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.25 (+0.82%)
     
  • Gold

    2,159.20
    -5.10 (-0.24%)
     
  • Crude Oil

    82.67
    -0.05 (-0.06%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,547.79
    -5.85 (-0.38%)
     
  • Jakarta Composite Index

    7,341.71
    +39.26 (+0.54%)
     
  • PSE Index

    6,848.43
    -4.86 (-0.07%)
     

Hewlett Packard Enterprise is reportedly laying off 5,000 workers globally

Meg Whitman
Meg Whitman

(HPE CEO Meg Whitman is reportedly slashing jobs again.Tom Pennington/Getty)

Hewlett Packard Enterprise is cutting 5,000 jobs as part of a wider effort to slash costs at the company, Bloomberg reported.

The layoffs will affect about 10% of HPE's workforce, including employees both in the US and abroad, according to the report. HPE will start making the cuts before the end of the year, Bloomberg said.

HPE, which focuses on servers, software, and consulting services for businesses, has offices around the world, including in China, Brazil, and Switzerland. It split from Hewlett Packard in 2015 to become a separate company under CEO Meg Whitman.

ADVERTISEMENT

In its short two years as an independent organization, HPE has already undertaken several rounds of layoffs. Whitman announced a major restructuring in June 2016, which saw the departure of numerous company veterans and the consolidation of its sales organization.

HPE did not respond to a request for comment.

NOW WATCH: What those mysterious white stripes on chicken are — and what it means for cooking



More From Business Insider