Big Tech: HP Cuts 27K Employees, Looks to Cloud and Data Analytics for Growth

Hewlett Packard CEO Meg Whitman announced the layoff of 27,000 employees Wednesday, or 8 percent of the company?s workforce. The painful move is part of Whitman?s strategy to refocus the hardware and software giant to take advantage of what Whitman describes as ?some of the biggest shifts in technology that I have seen in my career.?

Source: http://www.wired.com/business/2012/05/hp-cuts-27000-employees-looks-to-cloud-and-data-analytics-for-growth/

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