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12 December, 2013 - 10:52 By Tony Quested

HP axes Autonomy Cambridge jobs

Former Autonomy CEO, Mike Lynch

HP is making a significant number of redundancies at the Cambridge UK office of technology company Autonomy, Business Weekly has been told.

A source said redundancy notices had been handed out and also claimed that HP was restoring Autonomy’s Cambridge Business Park offices to their original condition ready to give up the lease.

Business Weekly has contacted HP and Autonomy in a bid to elicit exact numbers of job losses and to seek a response to the potential closure of the Cambridge office.

A number of Autonomy and Aurasma staff have already joined former CEO Mike Lynch in his new ventures in Cambridge and London. A few more are now likely to find a home within Lynch’s growing business empire.HP has categorically denied that it is making staff at Autonomy Cambridge redundant and considering closing its operations in the UK technology cluster. It says it is actively hiring more staff and upgrading the Cambridge Business Park premises.Autonomy and Aurasma staff began quitting the businesses after Mike Lynch departed. According to informed sources, the exodus reflected general disgruntlement at the bureaucratic way the US giant was trying to run the companies following its mega-billion takeover.

The demise of one of Cambridge’s great technology success stories is particularly sad as Lynch had built it into the second biggest tech business in the cluster’s history behind ARM.

A Serious Fraud Office inquiry into financial aspects of the takeover is ongoing.

• PHOTOGRAPH SHOWS: Former Autonomy CEO, Mike Lynch

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