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HP will reportedly announce restructuring plan next week, up to 30,000 job cuts
It looks like HP could be in store for another wave of big changes. According to a pair of reports out today (backing up a report from Business Insider yesterday), HP CEO Meg Whitman will announce a new restructuring plan on the company's earnings call next Wednesday -- a plan that will entail some significant job cuts. Bloomberg pegs those cuts in the neighborhood of 25,000, while All Things D says they could include as many as 30,000 jobs, noting also that the number is still a "moving target." To put that in perspective, the company currently employs some 320,000 people worldwide. Of those cuts, 10 to 15,000 are said to come from HP's enterprise services group, and the company is also said to be offering early retirement packages to some 5,000 employees. That restructuring plan will apparently include more than just job cuts, though, with Whitman said to be pushing a "cut and reinvest" approach that will apply across the company, according to ATD.
HP pays $10.4 billion for controlling interest in Autonomy, which will remain autonomous
VoodooPC. 3Com. And, perhaps most notoriously, Palm. The list of HP acquisitions grows by one today, with the purchase of UK information-software maker Autonomy, long a target of former HP chief Léo Apotheker. Apotheker, you may recall, was just ousted in favor of former eBay CEO Meg Whitman. The deal began during Apotheker's tenure and went through with HP paying just about $10.4 billion for a controlling percentage of Autonomy stock. The UK firm will remain a separate unit, with Whitman saying, "Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making." Something tells us she's not the only one hoping for some better decision making. For full details on HP's latest buy, check the source link.
