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HP to spend $1 billion on cloud computing shift

SearchCloudComputing.com Staff

HP to invest $1 billion, cut 9,000 jobs
HP announced plans to invest $1 billion into automating and restructuring its Enterprise Services business, chopping its number of worldwide data centers in half, dropping

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around 9,000 jobs and declaring a heavy focus on cloud computing as the company's future.

Ann Livermore, the executive vice president of HP's enterprise business, said that "[HP will] push very hard to have a management position in the cloud as well as a management position in on-premise," later adding that the "cloud aspects of [the restructuring] are important."

HP did not specify as to which aspect of cloud computing the company would be focusing on, but SearchCloudComputing can't help but notice the superior properties of the term "cloud computing" as an excuse for downsizing and the inspiration for a billion dollar expenditure.

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