Huge company Hewlett-Packard cutting 24,600 jobs

Hewlett-Packard to cut 24,600 jobs


SAN FRANCISCO (AP) — Hewlett-Packard (HPQ) said Monday it plans to cut 24,600 jobs over the next three years, about 7.5% of its workforce, 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.
The announcement marks the first time HP had put a number on how many employees of the combined company would lose their jobs. Before the acquisition, HP had 178,000 workers and EDS had 142,000, a total of 320,000.