June 1, 2010 -- HP today announced a $1 billion restructuring plan to automate and consolidate the data centers it operates for clients. Along with changes in its IT services business, the moves will eliminate 9,000 jobs at HP in coming years.

In a teleconference, HP EVP and CFO Cathie Lesjak said the plan is to take out cost by standardizing, automating and modernizing data centers, networks and tools. The moves are expected to generate $500 million to $700 million in net savings for HP after reinvestment. While eliminating 9,000 jobs tied to existing data center operations and services, HP says it will be hiring 6,000 new workers to support sales and global delivery centers.

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