Tuesday, 1 June 2010

HP Cutting 9000 Jobs


HP isn't afraid to spend cash and take big steps to reinvent itself lately: it just spent $1.2b on Palm in order to strengthen its consumer device portfolio, and now it's announcing another billion-dollar outlay designed to streamline its enterprise services business and fully consolidate its $12.5b acquisition of EDS. 

Part of the process will involve cutting some 9,000 workers over several years as HP moves to automate more and more of its data centers and integrate more of EDS, but the company is planning to add some 6,000 jobs in different areas over the same period of time, so the hurt isn't as bad as it seems initially.

Source

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