Autonomy founder Mike Lynch to leave Hewlett-Packard

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Autonomy founder Mike Lynch to leave Hewlett-Packard

Entrepreneur is latest executive to leave 'too bureaucratic' HP as tech giant announces 27,000 job cuts and drop in net profits

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Charles Arthur
guardian.co.uk, Thursday 24 May 2012 12.28 BST

Mike Lynch
Autonomy founder Mike Lynch is to leave HP. Photograph: Matt LLoyd/Rex Features

British entrepreneur Mike Lynch, who built his company Autonomy from the ground up to a $11.2bn (£7bn) acquisition by US tech giant Hewlett-Packard, is leaving, the company announced abruptly on Wednesday night.

Lynch's departure was the latest in a stream of resignations by former top executives at the Cambridge-based company, amid accusations that HP was too bureaucratic, and counter-claims that Lynch and his team failed to deliver on revenue targets.
 
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