HP's webOS-powered devices are riding off into the sunset and so too, apparently, are hundreds of jobs. Sources close to the company tell All Things Digital that upwards of 525 employees at HP's Palm division are slated to lose their jobs in the near future, as part of a layoff process that began this week. In a statement, an HP spokesperson explained the decision thusly:

"As communicated on August 18, HP will discontinue the development of webOs devices within the fourth quarter of fiscal year 2011, which ends Oct 31 2011. As part of this decision, the webOS GBU is undergoing a reduction in workforce. Today's actions are part of this initiative. During this time, we stand by our commitment to our webOS customers and will work to ensure that support and service for customers are not adversely affected."

The company went on to say that it's still "exploring ways to leverage webOS software," but declined to specify the exact number of hardware-related jobs that would be cut.

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Layoffs underway at HP's webOS division, hundreds of employees may be in jeopardy