Hewlett Packard Enterprise is set to reduce its staff count by about 10%, with the cuts beginning before the end of the year.
Quoting "people familiar with the matter", Bloomberg reported that the cuts at the company, which has about 50,000 workers, were likely to affect operations both in the US and abroad.
HPE came into being in November 2105 as a result of the splitting of the former Hewlett Packard, one of the oldest companies in Silicon Valley.
After the split, the remainder of the company was named HP Inc and retained the personal computer and printing businesses.
{loadposition sam08}HPE included the Enterprise Group (servers, storage, networking, consulting and support), Services, Software, and Financial Services.
The Enterprise Services business was merged with Computer Sciences Corporation to become DXC Technology in 2017. Earlier HPE also spun off its software business and merged it with British mainframe company Micro Focus.
Bloomberg Intelligence analyst Anand Srinivasan was quoted as saying: “These cuts will likely cause changes that may last for one or two quarters. They also don’t address the longer-term sales-growth weakness amid public cloud growth.”
iTWire has contacted HPE for comment.