Hewlett Packard to cut at least 5,000 jobs: report

Hewlett Packard Enterprise Co has plans to remove about 10 per cent of its staff, or at least 5,000 workers, Bloomberg reported, citing people familiar with the matter. The move is part of a broader effort to cut expenses with mounting competition, they added.

Reports quoting unnamed sources said the reductions are expected to get underway before the end of the year. The cuts at the company, which employs 50,000 workers, would likely affect workers in the US and abroad, including managers, the sources said.

Chief executive officer Meg Whitman has been disposing divisions since 2015, including personal computers, printers, business services and key software units. The moves form part of a push to make HPE more responsive to a changing industry that is under pressure from cloud providers such as Amazon.com Inc and Alphabet Inc's Google.

Whitman told analysts, on a call, earlier this month that the company is benefiting from growing demand across key areas of the business. Also, at the same time, she added she is pushing to cut ''layers'' in the organisation and become more efficient.

''With fewer lines of business and clear strategic priorities, we have the opportunity to create an internal structure and operating model that is simpler, nimbler and faster,'' she said.