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job cuts
HP invests in DC automation, operational efficiency
HP’s recent investment in their data center automation and other operational changes will see approximately 9,000 employees lose their jobs. At the same time, 6,000 new jobs will be created for sales and workers on global delivery centers. The decision by the company will provide new offerings and service delivery will improve.
Oracle finalizes Sun Microsystems purchase
Oracle has completed the $7.4 billion acquisition of Sun Microsystems. As a result of this deal, close to 2,000 people will be laid off (out of approximately 28,000 working around the world). Most experts believe the deal will provide Oracle with an edge in the information systems market.
Yahoo to slash workforce by 10%
Yahoo announced Tuesday, October 21, that it plans to cut at least 10 percent of its workforce, or more than 1,500 employees, in the fourth quarter in an effort reduce costs. The company’s sales for the third quarter were roughly in line with Wall Street’s estimates, however profits were down 64 percent compared to same period last […]
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