Tuesday, September 16, 2008

HP to chop off 7.5% workforce after merger with EDS

There is news that HP is going to lay off 7.5% of its existing workforce, which is equivalent to more than 24k headcounts, as part of its merger plan with EDS. So the concern that I blogged about exactly 4 months ago in the article of "HP to buy over EDS for about US$13B" has come to reality.

Employees from EDS are expected to bear the brunt of the cuts, and half of the jobs cuts will be in the US, with finance, human resources and legal departments expected to be affected. This mean that the "damage" will be minimal in their Asia-Pacific offices.

Hope that Mark Hurd is making a wiser move than Carly Fiorina this time.


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