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Hewlett Packard Enterprise shedding up to 30,000 jobs

September 19, 2015

By Mark Calvey : bizjournal – excerpt

Hewlett-Packard Enterprise said Tuesday that it will cut 25,000 to 30,000 more jobs.
That represents about 10 percent of the workforce at the HP spin-off. The job losses will come mainly from enterprises services, which serves large corporate customers, CNBC reported.
“These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett-Packard Enterprise,” , HP’s current chairman, president and CEO, said in a statement. “We’ve done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring.”Sponsored by
These are new, previously unannounced job cuts that are expected to cost $2.7 billion, CNBC reported.
Palo Alto-based Hewlett-Packard Co., (NYSE: HPQ) is splitting into two publicly held companies: HP Enterprise and HP Inc. The division, to occur later this year, splits the computer and printer businesses from its faster-growing corporate hardware and services.

Wonder how many of these jobs are in the Bay Area. Maybe the downturn at HP and Yahoo signals a slowdown in Silicon Valley and we don’t need that much housing for techies after all.

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