HP will cut 24,600 jobs after acquiring EDS

When HP started to acquire EDS there were talks that HP may layoff some of their employees. So today HP announced that they will layoff 24,600 employees over a span of three years. Hurd stated that"I don’t see anything but goodness coming out of there"

More than half of these cuts are in the U.S. They expect to replace half of these jobs with the global workforce so they will be able to give better services to the diverse world. HP said that the layoffs were done to "streamline" costs. It will allow $1.8 billion in annual savings.