💨 Abstract

Hewlett Packard Enterprise announced a cost-saving program involving job cuts and expects Q2 revenue below Wall Street estimates. The program aims to save $350 million by 2027, with shares falling 14% in aftermarket trading. The company forecasts revenue between $7.2 billion and $7.6 billion, below the $7.93 billion analysts expected.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖