HP invests in private cloud infrastructure, cuts 9,000 jobs
By Asia Cloud Forum staff 01-Jun-2010
HP today announced that it would invest US$1 billion in its private cloud infrastructure and cut 9,000 jobs over a “multi-year period.”
HP will invest in fully automated commercial data centers built on its converged infrastructure and operated by its industry-leading management software. HP will enable clients to migrate their applications to these modernized infrastructure platforms, allowing them to run their businesses faster and more efficiently.
According to HP, this initiative will consolidate Enterprise Services’ commercial data centers, management platforms, networks, tools and applications to create “a more scalable, modernized and automated IT infrastructure.” As a result of productivity gains and automation, HP expects to eliminate roughly 9,000 positions over a multi-year period to reinvest for further business growth.
“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.”