HP to cut 24,600 jobs in EDS-triggered restructuring

**MIG-31** · Sep 16, 2008, 12:14 AM

Hewlett-Packard has announced that as a part of its restructuring under CEO Mark Hurd, the company will lay off approximately 24,600 employees in areas where HP and its newly-acquired firm Electronic Data Systems (EDS) overlap.

When HP began the process of acquiring EDS several months ago, there was talk of potential layoffs, as the two companies had some overlap in their services. This was played down considerably. Hurd was quoted as saying "I don't see anything but goodness coming out of there...What's good for HP [is] good for the channel."
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Source: Betanews

Sep 16, 2008, 12:14 AM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 55,779 Rep Power: 444 System Specs	HP to cut 24,600 jobs in EDS-triggered restructuring Hewlett-Packard has announced that as a part of its restructuring under CEO Mark Hurd, the company will lay off approximately 24,600 employees in areas where HP and its newly-acquired firm Electronic Data Systems (EDS) overlap. When HP began the process of acquiring EDS several months ago, there was talk of potential layoffs, as the two companies had some overlap in their services. This was played down considerably. Hurd was quoted as saying "I don't see anything but goodness coming out of there...What's good for HP [is] good for the channel." ______________ Source: Betanews __________________ Please Post Your News Submissions Here