Hewlett-Packard plans to consolidate its sprawling real estate holdings into more densely packed locations as part of its ongoing cost-reduction plan, the company announced Thursday.
The four-year review of HP's real estate kicked off a little less than a year after CEO Mark Hurd announced plans to aggressively cut costs within the company. Under the new program, HP wants to reduce the number of offices it maintains and to have a smaller number of "core sites," it said in a press release.
; Thanks to Brad Hutchings for the tip.
Getting by with less office space is easier when you allow employees to telecommute, yet HP recently pulled most of its IT staff back to the office.