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Daily Financial Market News

Thu, 21 Sep 2017 18:57:44 -0400

HPE plans 5,000 job cuts: Bloomberg

HPE plans 5,000 job cuts: Bloomberg | Reuters Discover Thomson Reuters FinancialGovernment SolutionsLegalReuters News AgencyRisk Management SolutionsTax & AccountingBlog: Answers OnInnovation @ Thomson ReutersDirectory of sitesLoginContactSupportHPE plans 5,000 job cuts: BloombergSectionsBusiness Markets World Politics Tech Commentary Breakingviews Money Life Pictures Reuters TV Discover Thomson Reuters FinancialGovernment SolutionsLegalReuters News AgencyRisk Management SolutionsTax & AccountingBlog: Answers OnInnovation @ Thomson ReutersDirectory of sitesLoginContactSupport FeaturedCyber RiskHomeland Security found SEC had 'critical' cyber weaknesses in JanuaryReuters Backstory The fate of trillions of dollars rests on 30 minutes with the FedSHOCK TACTICS: THE SERIESThe quiet exit of top Taser product Pictures Reuters TV United StatesAfrica América Latina عربي Argentina Brasil Canada 中国 Deutschland España France India Italia 日本 México РОССИЯ United Kingdom United States #Business NewsSeptember 21, 2017 / 10:58 PM / Updated 9 hours agoHPE plans 5,000 job cuts: BloombergReuters Staff1 Min ReadFILE PHOTO: A trader passes by the post where Hewlett Packard Enterprise Co., is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 25, 2016. REUTERS/Brendan McDermid/File Photo (Reuters) - Hewlett Packard Enterprise Co is planning to cut at least 5,000 workers as part of a broader effort to reduce costs amid mounting competition, Bloomberg reported on Thursday, citing people familiar with the matter. The reductions of about 10 percent of the company's total workforce of 50,000 are expected to start before the end of the year, Bloomberg reported. (bloom.bg/2xiAgYx) The cuts are likely to affect workers in the United States and abroad, including managers, Bloomberg added. The company could not immediately be reached for comment. Reporting by Ismail Shakil in Bengaluru; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles. 0 : 0 narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowAppsNewslettersReuters PlusAdvertising GuidelinesCookiesTerms of UsePrivacyAll quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved.

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