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Upcoming HP split will cost over 30000 jobs

Upcoming HP split will cost over 30000 jobs
Upcoming HP split will cost over 30000 jobs
The cut jobs are expected to save the new Hewlett Packard Enterprise up to $2.7 billion USD next year.

HP has been in a downward spiral these past few years. So far, CEO Meg Whitman has not been successful in pulling the global IT company back on track. Things have been so bad that Whitman announced major restructuring plans in October 2014 to split HP into HP Inc. and HP Enterprise. The former will focus on printers and PCs while the latter will focus on software and services at the business level.

During a 2015 Securities Analysts Meeting, Whitman detailed that she will continue to be CEO of Hewlett Packard Enterprise while Dion Weisler will head HP Inc. The new board members and split will be effective November 1.

Whitman warned last year that there could be up to 55000 lost jobs as a result. According to the new CFO of HP Enterprise Tim Stonesifer, a more updated number is about 33000 - 36000 cut jobs in order to save $2.7 billion USD for fiscal 2016.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2015 09 > Upcoming HP split will cost over 30000 jobs
Ronald Tiefenthäler/ Allen Ngo, 2015-09-16 (Update: 2015-09-16)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.