The action will be much bigger than the 5,800 job cuts announced in 2009, The New York Times said.

The announcement comes after days of backlash.

HP brings together the mission critical and industry standard servers unit into a new division called HP Servers.

Hot on the heels of last week's announcement of a radical new look for News Feed, Facebook today released images of a redesigned Timeline, coming to all users in the following weeks.

Advanced Micro Devices hopes to brush off a slow start to compete against ARM and Intel in the Windows 8 tablet market through new customer announcements and future chips.

Facebook is increasing its efforts to eliminate scammers from pumping up profiles.

Announcement comes before annual shareholder meeting.

It's the first of many announcements to come in the next few months, Facebook said.

Google gave Android developers several reasons to cheer on Tuesday with its announcement of new versions of the operating system, as well as the addition of music and movies to the Android Market.

EMC's announcement this week of plans to purchase data warehousing vendor Greenplum represents a harbinger of things to come for that market, as well as related areas like BI (business intelligence) and data integration, according to some analysts.

In a much-anticipated announcement, Cisco Systems Monday launched its Unified Computing System, comprising virtualization technology, services and blade servers aimed at helping enterprises develop and manage what it calls "next-generation data centers."

Microsoft plans to extend the availability of Windows XP for low-cost laptops beyond June 30, with an announcement expected later this week, according to a source familiar with the situation.

Intel Corp. CEO Paul Otellini is headed to Beijing for a "major announcement" next week.

Slim Devices CEO Sean Adams revealed on Wednesday that computer accessory-maker Logitech is acquiring the company. Adams made the announcement on the Slim Devices community forum ahead of the official announcement.