HP Plans to Cut 30,000 More Jobs Before Split
To fit into its new role as two publicly traded firms — HP Inc. for printing and Hewlett Packard Enterprise for cloud initiatives — Hewlett Packard is going on a diet. It plans to slash up to 30,000 jobs to save $2.7 billion a year. The cuts follow 55,000 other job losses in recent years, but CEO Meg Whitman says this should be it for corporate restructuring. And while she expects lackluster growth for the HP operation, Whitman says HPE could grow 20 percent annually.