HPE to Pink-Slip Thousands to Cut Costs

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Hewlett-Packard Enterprise (HPE) reportedly is planning to cut thousands from its workforce as part of a strategy to reduce expenses.

The company plans to shed 10 percent of its workforce, or at least 5,000 workers, “people familiar with the matter” told Bloomberg. The cuts should start before the end of the year and are likely to impact workers in the United States and other countries, they said. The company has about 50,000 workers.

HPE couldn’t be reached for comment.

Earlier this month, HPE announced it is acquiring Cloud Technology Partners (CTP) to strengthen its IT capabilities by expanding its consulting services.

HPE has gone through big changes since CEO Meg Whitman began cutting divisions in 2015. Personal computers, printers, business services and software units all have been reduced in an effort to compete with cloud providers like Amazon and Google.