Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts

(Reuters) - Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion (817.5 million pounds) by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis. Shares, down about 35% this year, fell nearly 6% in extended trading after the company missed second-quarter revenue and profit estimates, hit by global lockdowns since February

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