Hewlett Packard to cut costs by $1 billion, reduces CEO pay by 25% on pandemic woes
Thursday, 21 May 2020 Hewlett Packard Enterprise on Thursday unveiled a plan to cut costs by at least $1 billion (817.5 million pounds) by 2022 and said it would reduce the base salary of its chief executive officer by 25%, in response to the impact of the COVID-19 pandemic.
After considering a massive valuation cut to drum up investor interest, WeWork pulled its IPO in 2019.
At the time, co-founder Adam Neumann was ousted as CEO and chairman.
In April, investor SoftBank..