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Multi-year restructuring at HP leads to 27,000 job cuts

In a news release today, Wednesday, May 23, 2012, HP announced a multi-year restructuring plan that would result in the loss of 27,000 jobs. This represents 8% of HP’s workforce and is expected to extend to the end of 2014.

HP focused on the expected annualized savings this restructuring would bring, which totals around $3.0 to $3.5 billion by 2014. HP hopes to take that savings and reinvest it back into the company finding efficiencies and improving customer service.

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Alternative Uses for Your HP Touchpad Money

So, in case you didn't hear, the HP Touchpad went on a bit of a fire sale this weekend. HP, in their divine wisdom, decided after only a couple of months on the market, and only one year after purchasing WebOS, to put the Touchpad and all like it out to pasture. Instead of taking the returns from retailers, HP also decided that it would lower the price to $99 (16GB) and $149 (32GB). Apparently, this also means that people who were not going to purchases such an item for $299, $399, $499, or $599 (depending on when over the last couple of months you may have considered it), decided they could use one. And, if you read some of the tech news sights, commenters have indicated they thought about or bought more than one...just to have around the house.

As much as I enjoy gadgets, I am not sure we have many that just lay around the house, especially if they do cost $100 or more. Don't get me wrong, I thought about getting one to use, let the kids use, or even to give my mother for Skype calls. However, I was not going to just let it sit, nor was I going to join any semblance of a mob to get one. Over the last couple of days, if we would pass a store that would carry them, we would look and ask. Each store commented the same, "we sold them all this morning..."

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