Gordon said restrictive telework policies may make it difficult for the company to recruit and retain IT talent.

Indeed, in Computerworld 's most recent annual Best Places to Work in IT survey, respondents cited telecommuting as an important facet of their jobs, with 36 percent of respondents giving it a rank of 10, or "extremely important."

In the U.S., HP has been ranked 16th in a list of the top 20 best workplaces for commuters, which includes telework programs, carpools, bus bases and other benefits, according to the U.S. Environmental Protection Agency and the U.S. Department of Transportation. Intel Corp. was ranked first, with 92 percent of its employees eligible for commuter assistance; HP reported that 46 percent of its employees are eligible.