HP to Invest $1 Billion, Cut 9,000 Jobs in a Few Years CNBC staff and wire reports | June 01, 2010 | 07:59 AM EDT Hewlett-Packard will invest $1 billion to relaunch its enterprise services as it consolidates various aspects of the division, the company said in a press release Tuesday. The world's biggest PC maker said it expects to make annual savings of about $1 billion after reinvestment of $500-$700 million. It will consolidate its enterprise services' commercial data centers, management platforms, networks, tools and applications, the company said. The $1 billion charge associated with the development will be spread over a multiyear period, the California-based company said. As part of the re-launch, Hewlett-Packard expects to cut roughly 9,000 positions over several years. HP will now move to "fully automated, standardized, state-of-the-art commercial data centers," according to the press release. Shares of Hewlett-Packard [ HPQ 46.01 +0.00 (+0.00%) ] were 1.3 percent lower in pre-market trading.