After HP Inc announcing 4,000 job cuts, now HPE is set to lay off more people.
HPE, the sister company to HP Inc formed after the split , is cutting jobs according to “social media posts on Twitter and the Layoff.com” website, reported Fortune. First to report the news was GeekWire, who confirmed the news with an “HPE spokeswoman”. The news broke the “day before” HPE starts its “annual security analyst meetings”, which are to be held in San Francisco.
CEO Meg Whitman is due to explain her plans for the organisation, which sells “servers, storage, and cloud computing software”. Rumours that HPE may sell to “private equity firms” have been circulating for a while due to the fact that HPE has sold off so much of its business services to CSC, and its software to Micro Focus.
HPE and the original HP had been reducing their workforce for some time as a move in technology to cloud computing has decreased the need for servers and storage, as well as networking hardware, and so sales have dropped. Increasingly businesses now use “public cloud services from Amazon Web Services or Microsoft Azure” to supplement and replace “data centres”, and the “big cloud providers […] design their own hardware and have it built” instead of purchasing from big brands.