H-P to sack 24,600
Hewlett-Packard will lay off as many as 24,600 people over the next three years as it seeks to cut costs at Electronic Data Systems, the IT major that HP recently acquired.
Although most of the jobs will be cut at the Plano, Texas-based EDS, some HP workers too will be affected.
HP said the cuts will produce an annual cost savings of $1.8 billion. HP employs more than 178,000 people worldwide.
Image: The HP logo is displayed on the entrance to the Hewlett-Packard headquarters in Palo Alto, California. | Photograph: Justin Sullivan/Getty Images
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