Hewlett-Packard to Shrink Office Space

Forging ahead with its companywide restructuring plan, Hewlett-Packard(HPQ Quote) announced Thursday that it will consolidate its sprawling array of worldwide offices.

The move is intended to reduce real estate costs by consolidating several hundred locations into "fewer core sites," H-P said in an announcement. The company did not disclose the amount of savings it expects to reap from the move.

H-P said it will close certain sites or floors in buildings that it owns and relinquish floor space in leased locations. ...