By Connor Hart
Hewlett Packard Enterprise's board approved a cost reduction program that is expected to deliver $350 million in savings by fiscal 2027, driven by job cuts.
The Houston-based server and cloud-software company on Thursday didn't say how many jobs it expects to eliminate. The company had 61,000 employees as of Oct. 31, according to the latest headcount available in filings with the U.S. Securities and Exchange Commission.
The company expects to incur about $350 million in charges related to the program. Approximately $250 million will be incurred during fiscal 2025, with the remaining $100 million expected to hit in fiscal 2026.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 06, 2025 16:43 ET (21:43 GMT)
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