Tuesday, June 1, 2010

HP Job Cuts - 9,000 positions

I know they said 3,000, but at the end of the day they're cutting 9,000 positions in their "Enterprise Services" division and adding elsewhere.

This division is primarily located in the following locations inside the US:
5400 Legacy Drive, Plano, TX‎ (no real exposure, but this is down the street from another HP office that happens to be in CarrAmerica portfolio - CGCMT 2006-FL2)
13600 Eds Drive, Herndon, VA‎ (no CMBS exposure found)
500 Renaissance Center, Detroit, MI‎ (GM Building FUNBC 2001-C4 - matured & paid 10/29/2009)
335 Centennial Parkway, Suite 100, Louisville, CO 80027 (no CMBS exposure found)

Other US locations include:
6901 Windcrest Dr, Plano, TX‎ (no CMBS exposure found)
975 Eastwind Drive, Westerville, OH‎ (no CMBS exposure found)
500 President Clinton Avenue, Little Rock, AR‎ (no CMBS exposure found)
1434 Crossways Boulevard, Chesapeake, VA‎ (no CMBS exposure found)
1800 Southwest 1st Avenue, Portland, OR‎ (SLCMT 1997-C1 - paid off 2/1/06)

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