Hewlett Packard Enterprise Co. is planning to cut about 10 percent of its staff, or at least 5,000 workers, according to people familiar with the matter. It is part of a broader effort to pare expenses as competition mounts. The reductions are expected to start before the end of the year, said the people, who asked not to be identified because the matter is private. The cuts at the company, which has about 50,000 workers, are likely to affect workers in the U.S. and abroad, including managers, the sources said. A Hewlett Packard Enterprise representative didn’t immediately respond to requests for comment.
NYS Entity Status
NYS Filing Date
JUNE 10, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - HIGH END ELECTRONICS R US INC
Around the Web
- Hewlett Packard Enterprise to cut at least 5,000 jobs
By Brian Womack - Friday Sep 22, 2017
- LG to Unveil webOS-Powered TV
By Min-Jeong Lee - Monday Dec 30, 2013
South Korea’s LG Electronics Inc. will soon take the veils off a television model that will run on the webOS operating system, highlighting its ambition of creating a prominent operating system for so-called smart TVs.
- Fintech Firm SoFi Says CEO Mike Cagney Will Step Down by Year-End
Tuesday Sep 12, 2017
Social Finance Inc., one of the most highly valued private financial-technology startups in the U.S., said on Monday night that Chairman and Chief Executive Mike Cagney would step down by the end of the year.
- What HPE’s layoffs mean for the company’s cloud battle
By Trisha Thadani - Friday Sep 22, 2017
As Hewlett Packard Enterprise struggles to compete in a business-technology industry rapidly shifting to the cloud, the Palo Alto company plans to lay off about 10 percent of its workforce. The cuts — which will reportedly affect at least 5,000 employees in the U.S. and overseas, according to Bloomberg — are expected to begin before the end of the year. Hewlett Packard Enterprise was spun out of Hewlett-Packard in 2015, in an attempt to focus on hardware and cloud services sold to other big businesses.
- Uber’s C.E.O. Search Is Nearing a Decision
By MIKE ISAAC - Sunday Aug 27, 2017
Meg Whitman, chief of Hewlett Packard Enterprise, was emerging as the most likely pick for C.E.O. as another candidate, Jeff Immelt, publicly withdrew.
- Roku prices IPO at high end of expectations
By Reuters - Thursday Sep 28, 2017
Video streaming firm Roku Inc. raised about $219 million in an initial public offering that was priced at the higher end of its expected price range, the company said. The offering of 15.7 million shares follows disappointing launches of Snap Inc. and Blue Apron earlier this year, and was priced at $14, valuing Roku at...