Items tagged with (nyse:hqp)

Hewlett Packard is getting ready to eliminate as many as 30,000 jobs and likely no less than 25,000 as it splits away from its printer and PC business. All of the job cuts will be associated with the newly formed Hewlett Packard Enterprise (HPE), a separate entity that HP expects will pull in more than $50 billion in annual revenue. "Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business," said Meg Whitman, who will become President and Chief Executive Officer of HPE after the split. "As a separate company, we are better positioned than ever to meet... Read more...