HP to cut 24,600 jobs as part of EDS integration
Hewlett-Packard Co. said Monday it plans to slash 24,600
jobs over
the next three years, nearly 8 percent of its work force, as it
combines operations with Electronic Data Systems Corp., the
technology-services company it recently acquired.
Most of the
cuts will come from within EDS's ranks, and nearly half will hit jobs
in the U.S., HP said Monday after the markets closed.
HP had not
previously detailed how many employees of the combined company would
lose their jobs. Before the acquisition, HP had 178,000 people and EDS
had 142,000, a total of 320,000.