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HP to Cut 7.5 Percent of Staff

September 15, 2008

By ; wire

Palo Alto-based Hewlett-Packard Co. says it plans to cut 24,600 jobs, or about 7.5 percent of its work force, over the next three years. This major restructuring is coming as HP integrates its newly acquired technology services company Electronic Data Systems Corp. Most of the cuts will come from within EDS’s ranks, and nearly half will hit jobs in the U.S., HP said Monday after the markets closed. HP bought EDS for $13.9 billion in a bid to challenge IBM Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure.

Real estate

The three multiple listing services in the East Bay Area announced Monday they are joining with the other major MLSs in Northern California in a program to exchange data. The Bay East Association of Realtors MLS, the Contra Costa Association of Realtors MLS and the East Bay Regional Data Inc. will be sharing MLS listing data with MLSListings Inc. and Quattro (a 2007 MLS data sharing initiative comprised of the San Francisco Association of Realtors, Bay Area Real Estate Information Services Inc. and MetroList Services Inc. Together, these seven MLSs represent 70,000 real estate brokers and agents from 21 counties in Northern California.

High-tech

Santa Clara-based Intel Corp., seeking to increase the speed of server computers for hosting Web sites and storing files, said computer makers will begin selling machines with six processors built into one piece of silicon. Dell Inc., Hewlett-Packard Co., IBM Corp. and Sunnyvale-based Sun Microsystems Inc. will begin selling computers that use the Xeon 7400 chips this week. Intel is speeding up product development to increase pressure on Sunnyvale-based Advanced Micro Devices Inc. in the server market.

Oil

San Ramon-based Chevron Corp. said its Port Arthur, Texas, lubricants plant was flooded by Hurricane Ike and remains closed. The company said it’s concerned about “severe” gasoline supply disruptions because of refinery closures associated with Ike, according to an advisory on Chevron’s Web site.

(c) 2008 Oakland Tribune. Provided by ProQuest LLC. All rights Reserved.




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