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

By on
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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
finance hewlett packard enterprise hpe

Sponsored Whitepapers

10 questions to ask before you select a Network Performance Management tool
10 questions to ask before you select a Network Performance Management tool
Innovate faster. Why accelerating change is a CIO's biggest challenge.
Innovate faster. Why accelerating change is a CIO's biggest challenge.
Unlock faster time-to-revenue using Adobe digital document processes
Unlock faster time-to-revenue using Adobe digital document processes
How Security as Code changes development and deployment for the cloud
How Security as Code changes development and deployment for the cloud
Tackle new ITSM priorities with this seven-step Micro Focus guide
Tackle new ITSM priorities with this seven-step Micro Focus guide

Events

Most Read Articles

Telstra 'gamifies' cloud cost reduction efforts among internal teams

Telstra 'gamifies' cloud cost reduction efforts among internal teams
Coles keeps a close watch on its Azure cloud costs

Coles keeps a close watch on its Azure cloud costs
Reserve Bank CIO lands at Salesforce

Reserve Bank CIO lands at Salesforce
Defence hands IBM $42m for SAP case management system

Defence hands IBM $42m for SAP case management system

Digital Nation

Digital leaders master collaboration, reskilling and culture: Didier Bonnet
Digital leaders master collaboration, reskilling and culture: Didier Bonnet
HR platform consolidation unlocks the value of data at Aurecon
HR platform consolidation unlocks the value of data at Aurecon
COVER STORY: Data centre sustainability scrutiny puts emissions in the spotlight
COVER STORY: Data centre sustainability scrutiny puts emissions in the spotlight
Expect dramatic value chain disruptions every four years: McKinsey Global Institute
Expect dramatic value chain disruptions every four years: McKinsey Global Institute
Next generation of Digital Giants growing faster than the originals: Ray Wang
Next generation of Digital Giants growing faster than the originals: Ray Wang

Log In

Email:
Password:
  |  Forgot your password?