| HP to Lay Off 24,600 |
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| Tuesday, 16 September 2008 14:07 | |||
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PALO ALTO, CA – Tech giant Hewlett-Packard said it would cut 24,600 jobs worldwide – about half in the U.S. – during the next three years, in response to its acquisition and integration of Electronic Data Systems. The computer maker purchased the Texas-based business services outsourcer last month as part of a $13.9 billion deal . The cuts will affect 7.5% of the combined workforce, and HP will record a charge of $1.7 billion in the fourth quarter fiscal 2008 as a result of the restructuring program. Once completed, the program is expected to result in annual cost savings of approximately $1.8 billion, HP said.
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| Last Updated on Tuesday, 16 September 2008 14:08 |
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These modular work benches offer quality and versatility for work areas that include network labs, assembly areas, shipping stations, security and command consoles, or as computer repair benches. Can...
These modular work benches offer quality and versatility for work areas that include network labs, assembly areas, shipping stations, security and command consoles, or as computer repair benches. Can...
