HP Plans To Cut 9,000 Jobs and Invest $1 Billion Into Enterprise Services

Posted Jun 1, 2010

Hewlett-Packard Company (NYSE:HPQ) revealed today that they will cut 9,000 jobs and invest $1 billion into their enterprise services unit over the next several years.  HP plans to create fully automated commercial data centers.  These job cuts will result in productivity increase and automation.  After the company automates the data centers, HP expects to see a savings of about $500-$700 million per year.  The automated data centers will also help clients run businesses faster too. [BI]