* Sources tell All Things D that HP (HPQ) is laying off as many as 525 employees whose work related to (now-defunct) webOS hardware. Indeed, in a statement, HP confirmed layoffs start this week but declined to specify the number. (All Things D)

* As reported yesterday, Google Wallet is now live, though its service remains limited to the Nexus S 4G on Sprint for now. Chris Ziegler over at This is my next has the review. (Business Insider and This is my next)

* Fortune contributor Mark Suster on why Netflix (NFLX) CEO Reed Hastings should be applauded for splitting up the company’s DVD and streaming businesses. (Fortune)

* TechCrunch reports that besides introducing social music services later this week at its f8 conference, Facebook will also unveil new buttons a la “Like,” including “Read,” Listened,” and “Watched.” (TechCrunch)

* Meet Ari Goldberg, the 29-year-old CEO of rising New York City-based fashion startup, StyleCaster. (Business Insider)

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