HP to Cut 9,000 Jobs and Take $1 Billion in Costs

Hewlett-Packard Co., the world’s largest personal-computer maker, plans to cut 9,000 jobs and take a $1 billion restructuring charge as it beefs up its computer-services business to compete with International Business Machines Corp.

HP is taking the steps to modernize its data centers and provide more automated services to customers at a lower cost, it said today in a regulatory filing. The Palo Alto, California- based company plans to replace about 6,000 of the eliminated positions in various countries.

“These sets of actions will enable HP to grow better than the market,” Ann Livermore, executive vice-president for enterprise business, said today on a conference call. “This is a substantial opportunity for us and something that we think is a good opportunity for our clients as well.”

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- Posted: 2010-06-01 10:20:45

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