HP cuts feared to hit UK hard

May 24th, 2012

FAKE NEWS for the Zionist agenda

HP, which is the world’s leading PC manufacturer, said its chief strategy officer Bill Veghte will replace Autonomy’s current chief executive Mike Lynch “to improve Autonomy’s performance.”

The company has announced it is shedding eight percent of its global personnel of almost 350,000 people with a spokesman confirming “we do expect the workforce reduction to impact just about every business and region.”

Lynch, who founded Autonomy in 1996 after getting a PhD from Cambridge University, was one of Britain’s most successful technology entrepreneurs before he sold the firm to HP last year.

HP has announced the cuts are necessary for the “health” of the company, whose profits for the three months to the end of April plunged by 31 percent to £1.01 billion.

The company said Autonomy failed to match expectations in the period.

AMR/JR/HE