Hewlett Packard 35,000 Layoffs : HP Restructuring $2.7 Billion

Source : iHumanMedia.com Hewlett Packard will split-up the company into two units. Job cuts at HP will come with 31,000 layoffs in the Enterprise division and 4,000 in HP Inc. says James Dean @ iHumanMedia.com. 

We expect HP part suppliers for the PC and Printer products will feel the pain of Hewlett Packard cuts backs and restructuring. Cloud computing for HP ENTERPRISE solutions for mobile devices has begun.  

Hewlett Packard expects to find a total of $2.7 billion in annual savings at Hewlett Packard Enterprises. About $700 million would come from reorganization and adjustments to real estate strategy, the company said, while layoffs will save another $2 billion annually. A focus of R&D is now on smartphone and tablet related products and software mobile apps.

Hewlett Packard Enterprise expects to be strong in the areas of servers, storage and networking. The company also told analysts that it expects to invest heavily in cloud storage technology. HP expects cloud storage business to grow more than 20 percent for the next several years. Read More About Mobile Apps …