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HP Layoffs: Is HP Autonomy Software Business Already Broken?

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http://www.thevarguy.com – Amid HP layoffs totaling 27,000 employees, there’s troubling news in Hewlett-Packard’s Autonomy software business. Indeed, “Autonomy saw a significant decline in license revenue” during Q2, prompting HP Chief Strategy Officer Bill Veghte (pictured) to take over that software business. Autonomy founder Mike Lynch will exit the company after a transition period. So what’s the bottom line? HP’s software business is growing but struggling, and HP can’t afford any more drama at a time when the company is striving to diversify beyond PCs and printer (er, ink (IT news)