HP Cuts 9,000 Jobs With Automation of Commercial Data Centers
"We believe that these sets of actions will enable HP to grow better than the market," said Ann Livermore, executive vice president for HP Enterprise Business, in a conference call with analysts.
The company will make the cuts over the next three years, and expects to save $500 million to $700 million annually as a result. It will offset the layoffs by hiring 6,000 employees in its global sales and delivery sectors.
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