HPE lays out US$1 billion savings plan, pay cuts

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HPE lays out US$1 billion savings plan, pay cuts

Quarterly profit misses targets.

Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least US$1 billion by 2022 and cut the base salaries of top executives by 25 percent as the software maker seeks to weather the coronavirus crisis. Shares, down about 35 percent this year, fell nearly 6 percent ...

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