Technology

HPE's Big Cuts Despite Revenue Success

Despite a rise in revenue, HPE plans to lay off up to 3,000 employees due to economic challenges and costs related to its Juniper acquisition. The layoffs, primarily by redundancy and attrition, aim to streamline costs amid declining earnings forecasts.
X64.AI
X64.AI
1 min read

📉 HPE plans to cut up to 3,000 jobs despite a revenue rise, citing economic challenges and a dip in shares. Antitrust concerns over Juniper acquisition add to woes. #HPE #TechNews #JobCuts

  1. HPE plans to lay off up to 3,000 workers due to disappointing economic performance and strategic cost-cutting, even after meeting revenue targets.
  2. The company faces a drop in revenue projections and challenges related to its AI component costs and inventory issues.
  3. HPE's acquisition of Juniper is under scrutiny from UK and US regulators despite EU approval, complicating its strategic plans.

Source: Staff, Techradar: HPE set to cut thousands of employees despite results rise.

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