Spring-based Hewlett Packard Enterprise has revealed it is set to lay off an estimated 2,500 workers following disappointing economic performance. The company—which employs about 2,000 people in the Houston area— announced it would reduce operating costs by cutting about 5 percent of its workforce through layoffs and attrition over the next 18 months.

Key Takeaways Hewlett Packard Enterprise gave profit guidance below estimates.The IT firm also missed quarterly profit estimates, with CEO Antonio Neri noting "we could have executed better."Hewlett Packard Enterprise also announced a cost-cutting plan that includes reducing staff by about 5%.

The Spring-based tech company announced Thursday that it is looking to cut costs as its outlook for the year dims.

Shares of Hewlett Packard Enterprise fell 13% on Friday, after the AI-server maker said its annual profit forecast would be hit by U.S. tariffs in an intensely competitive market.

Hewlett Packard Enterprise Company’s HPE share price has dipped by 11.97%, which has investors questioning if this is right time to buy.

Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the first quarter ended January 31, 2025. “HPE achieved our fourth consec

Hewlett Packard Enterprise (HPE) is set to lay off approximately 2,500 employees over the next 18 months as part of a cost-cutting initiative, following a lackluster financial performance. The decision comes as the company aims to trim expenses by $350 million by 2027,