27,000 Jobs Slashed At HP

You might remember that I posted a story about thousands of jobs being slashed at HP. The number is now out. It’s 27,000 which is 8% of HP’s workforce. So, where will the money go? Here’s what HP said:

  • Services will invest in cloud, analytics, and high-value delivery.
  • Software will invest in analytics, big data, application management, and security.
  • The servers, storage, and networking unit will bet on cloud and big data technologies

They’re a bit late to those parties, but I’m sure someone did the math and said that this makes sense. Speaking of math, you’d never know it but HP actually put up pretty good numbers. They beat the streets in terms of revenue and earnings. But I guess when you slash 27,000 jobs, nothing else matters.

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