General Motors ( GM) is another popular search. The company is set to hire 3,000 Hewlett-Packard ( HPQ) employees an in effort to bring in more information technology.

The two companies have recently finalized a new multi-year software and services agreement that GM hopes will help accelerate the progress of its IT department and reduce the cost of IT operations. GM will hire 3,000 HP employees who have previously worked for the automaker as part of plan to reduce its reliance on outsourced contractors. GM has worked with HP to improve its software and data management systems in the past.

In addition to this hiring, the company said it plans to hire 1,500 new IT employees for its Michigan technology center and 500 for its center in Austin, Texas.

HP has been in the process of cutting thousands of jobs. The company said this year that it would cut 9,000 jobs in the U.S. as part of its plan to axe 8% of its work force.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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