HP Begins Layoffs at the Palm Global Business Unit
HP is currently in the process of letting a large amount of former Palm Inc. employees go amid the recent decision by HP to terminate its mobile hardware business. WSJ's Digital Daily reports that as many at 525 people will be fired, more than half the current headcount.
"As communicated on August 18, HP will discontinue the development of webOs devices within the fourth quarter of fiscal year 2011, which ends Oct. 31, 2011," an HP spokesperson told AllThingsD. "As part of this decision, the webOS GBU is undergoing a reduction in workforce."