Hewlett-Packard Company (NYSE:HPQ) is preparing to begin major layoffs at the webOS division. HP announced back in August that they are shutting down the webOS hardware business. According to sources with AllThingsD, HP is planning to lay off as many as 525 people.
?As communicated on August 18, HP will discontinue the development of webOs devices within the fourth quarter of fiscal year 2011, which ends Oct. 31, 2011,? stated an HP spokesperson. ?As part of this decision, the webOS GBU is undergoing a reduction in workforce. Today?s actions are part of this initiative. During this time, we stand by our commitment to our webOS customers and will work to ensure that support and service for customers are not adversely affected. HP is exploring ways to leverage webOS software.?