💨 Abstract

Hewlett Packard Enterprise (HPE) announced a 5% workforce reduction, affecting over 2,500 employees globally, as part of a cost-saving program. The company expects to deliver gross savings of $350 million by fiscal 2027. HPE's second-quarter revenue forecast is below Wall Street estimates, causing a 16.5% drop in shares during aftermarket trading.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖