March 19, 2008
As part of their cost cutting plan, Hewlett Packard is reducing its footprint in Cupertino and Palo Alto by approximately 25%. In addition, HP has in the recent past been divesting some assets it owned in the South Bay cities of Cupertino and Mountain View.
The plan is to more efficiently use space and is not a result of layoffs. HP has bounced back in recent years under the leadership of Mark Hurd, who made it part of his plan to reduce real estate costs.
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