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H-P merger: Job cuts could spare Rancho Cordova operations

Tech industry observers say they expect little impact to the Sacramento area’s job base as a result of Hewlett-Packard Co.’s acquisition of Electronic Data Systems Corp. (HPQ) (IBM)

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AIG hasn't cut orders, says Mphasis

Mphasis Ltd, the Indian computer services and call center company controlled by Electronic Data Systems Corp, said American International Group Inc hasn't cut any orders yet.

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Big Hewlett-Packard Cuts Surprise Wall Street

By JORDAN ROBERTSON SAN FRANCISCO - When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company.

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HP to cut 24,000 jobs on takeover costs

HP plans to cut 7.5 percent of its work force, or 24,600 jobs, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp, the company said on Monday. HP said it would carry out the cutbacks over the next three years, while replacing about half the jobs in new areas of its services business. It announced the plan ahead of a meeting with Wall Street analysts to detail the...

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HP to cut 24,600 jobs, take $1.7B charge

Hewlett-Packard Co. said Monday it will cut about 7.5 percent of its work force -- or about 24,600 employees -- as part of its integration of Electronic Data Systems Corp. (HPQ)

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HP to cut 24,600 jobs, take $1.7B charge

Hewlett-Packard Co. said Monday it will cut about 7.5 percent of its work force -- or about 24,600 employees -- as part of its integration of Electronic Data Systems Corp. (HPQ) (NCR)

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WOW LOOK AT THE SIZE OF EDS JOB CUTS [Gabrielle Van der velde]

When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company. But the size of the job cuts — 24,600 jobs over the next three years, nearly 8 percent of HP's 320,000-employee work force — came as a shock when HP laid out its plans Monday for integrating EDS. The cuts represent HP's...

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Layoffs Hit Silicon Valley: HP Today, Who Tomorrow?

Of course, the layoffs at Hewlett-Packard were expected, part its cost-cutting integration after the $13.25 billion acquisition of Electronic Data Systems Corp. HP said yesterday that the 24,600 jobs the tech giant axed, or 7.5 percent of the total work force, were made to "streamline the combined company's services" businesses. But BoomTown has to wonder if other big tech and Internet companies might...

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Hewlett-Packard to Cut 24,600 Jobs Over 3 Years

SAN FRANCISCO (AP) -- 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.

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HP to cut 24,600 jobs, take $1.7B charge

Hewlett-Packard Co. said Monday it will cut about 7.5 percent of its work force -- or about 24,600 employees -- as part of its integration of Electronic Data Systems Corp. (HPQ)

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HP to cut 24,600 Jobs

By Eric Auchard SAN FRANCISCO (Reuters) - Hewlett-Packard Co plans to cut 7.5 percent of its work force, or 24,600 jobs, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp, the company said on Monday. HP sa...

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Hewlett-Packard cutting 24,600 jobs

When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company.

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This Will Hurt

It's the healthy thing to do, but ... wow: HP surprises Wall Street with size of EDS job cuts By Jordan Robertson, The Associated Press San Francisco -- When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company. But the size of the job cuts _ 24,600 jobs over the next three years,...

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HP to cut 24,600 jobs, take $1.7B charge

Hewlett-Packard Co. said Monday it will cut about 7.5 percent of its work force -- or about 24,600 employees -- as part of its integration of Electronic Data Systems Corp. (HPQ)

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Hewlett-Packard cutting 24,600 jobs

Hewlett-Packard Co. plans to cut 7.5 per cent of its workforce, or 24,600 jobs, seeking to realize as much as $1.8 billion (U.S.) a year in savings from its recent acquisition of Electronic Data Systems Corp.