Hewlett-Packard plans to cut 9,000 jobs over the next few years as it ramps up its use of automated data centers and other technology, the company announced Tuesday.The world's largest computer company said it will invest $1 billion in building up its automated commercial data centers over the next few years. As a result, HP (HPQ, Fortune 500) will take a charge of about $1 billion in its financial filings, expecting the investment to pay off in annual savings of about $1 billion.
The move will improve profits and shareholder value, Tom Iannotti, a senior vice president and general manager at HP, said in a company press release.
The company "will not be providing geographical locations of the job cuts at this time as final decisions have not been made," an HP spokeswoman said.