Computer manufacturer Hewlett-Packard, which employs some 4,000 people in Ireland, has announced it is to cut 9,000 jobs worldwide.
The company said the job cuts would come over a multi-year period and that the money saved would be reinvested for further growth and to increase shareholder value.
However, along with the 9,000 job cuts, HP plans to hire around 6,000 new workers for its sales force and global delivery centres.
The tech giant announced today that it was pumping US$1bn into the next generation of its enterprise services business.
HP said it would invest in state-of-the-art commercial data centres built on its own infrastructure to which clients could then move their applications.
The 9,000 jobs cuts worldwide come as a result of productivity gains and automation from this investment, the computer manufacturer said.
“Over the past 20 months, we focused on integrating EDS and improving profitability,” said Tom Iannotti, senior vice president and general manager, HP Enterprise Services. “Now that the integration is largely complete, we have identified significant opportunities to grow and scale the business. These next-generation services will enable our clients to benefit from the combined technology and services leadership that only HP offers.”
Article courtesy of Businessandleadership.com