[Updated: Added new figures for consumer division] Hewlett Packard Enterprise, the newly created enterprise business of Hewlett-Packard, is considering 25,000 to 30,000 layoffs as it splits into two companies, according to a developing story by Bloomberg. And HP’s consumer division is also considering an additional 3,000 layoffs.

We’re checking with HP, once the world’s largest tech company by any number of measures, for clarification, but we do know the company is already in the midst of shaving back payroll as it divides into an enterprise company and a consumer tech company.

HP’s enterprise hardware, software and services businesses will be known as Hewlett Packard Enterprise, and run by current chief executive Meg Whitman. The other branch will be made up of the PC and printer businesses. The latter will be called HP Inc., and will keep the HP logo.

At the company’s analyst meeting today, Tim Stonesifer, chief financial officer of Hewlett Packard Enterprise, said that the company will incur a charge of about $2.7 billion related to the restructuring.

HP had previously disclosed $2 billion in expected cost cuts in the services division within Hewlett Packard Enterprise, and it has found additional cuts worth $700 million across the rest of the company.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member