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HP to cut jobs, spend $1 billion in restructuring

Posted on Wednesday, June 02 2010 @ 00:10:06 CEST by


HP outlined a $1 billion restructuring plan that will result in 9,000 job cuts over several years. The company plans to automate data centers and make other operational changes in its IT services business, but also revealed plans to hire about 6,000 new workers for its sales force and global delivery centers.
Hewlett-Packard Co. said it plans to spend $1 billion to automate data centers and make other operational changes in its IT services business, resulting in the shedding of 9,000 jobs over several years.

The world's largest personal-computer maker expects to take a $1 billion charge over several years. It anticipates the restructuring will generate the same amount in annual savings, or $500 million to $700 million in net savings after reinvestment.

Along with the 9,000 job cuts, H-P plans to hire about 6,000 new workers to add to its sales force and global delivery centers. H-P has about 300,000 employees.
More info at WSJ.


 






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Re: HP to cut jobs, spend $1 billion in restructuring
by Anonymous on Wednesday, June 02 2010 @ 04:01:26 CEST
9000 names too HP on a piece of paper.

9000 families that will go without because Mommy or Daddy doesn't have a job anymore...



 

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