HP cuts in R&D

Posted on Sunday, July 24 2005 @ 20:21 CEST by Thomas De Maesschalck
HP's restructuring plan cut 14,500 jobs last week and it seems they also cancelled four major research projects.

According to the report, about 10 percent, or 70 of H-P Labs' 700 employees worldwide are slated to receive layoff notices, though some may find jobs elsewhere in the company.

The discontinued projects are: Kay's Advanced Software Research team, HP's Cambridge Research Lab which studied health-related technology, the Consumer Applications and Systems Laboratory and the Emerging Technologies Laboratory. More details at EE Times

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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