Hewlett-Packard on Monday announced plans to cut tens of thousands of jobs over the next three years as it digests its recent purchase of EDS.
The company expects to replace roughly half of these positions over the next three years to create a global workforce that has the right blend of service delivery capabilities to address the diversity of its markets and customers worldwide.
HP announced plans in May to acquire the computer services firm for $13.9 billion. The deal closed in August. The company said that, once it has finished with the cuts, it expects the moves to save $1.8 billion in costs annually. It said it does plan to reinvest in other areas.
Source : CNET
