Hewlett-Packard job cuts

Hewlett-Packard intends to cut 3,000 jobs over the next few years as it increases its reliance on automated data centers for business customers.

HP plans on investing $1 billion in ramping up the automated centers. The change will cut about 9,000 jobs, but HP plans on adding 6,000 jobs in other departments over the same time period. A boost between $500 million and $700 million is expected for the fiscal year of 2013 due to these changes.

In August of 2008, HP purchased Electronic Data Systems and is cutting 25,000 jobs as a result of that integration.

The company has about 300,000 employees and reported a 28% profit last quarter of $2.2 billion as demand for personal computers continues to hold strong.

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Posted on June 1, 2010, in Job Search, Market Trends and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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