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Electronics Production | June 01, 2010

HP lays off 9000

HP will consolidate Enterprise Services’ commercial data centers, management platforms, networks, tools and applications to create a more scalable, modernized and automated IT infrastructure.
As a result of productivity gains and automation, HP expects to eliminate roughly 9,000 positions over a multi year period to reinvest for further growth and to increase shareholder value.

To fund this investment, HP will take a charge of approximately $1 billion over a multiyear period that will be included in its GAAP financial results.

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