HP will shed 24,600 jobs

by billso on Tuesday, 16 September 2008

Hewlett-Packard has announced that the com­pany will elim­i­nate almost 8% of the company’s global work­force. The New York Times (Hewlett-Packard Cuts 25,000 Jobs After E.D.S. Pur­chase) and Asso­ci­ated Press (HP sur­prises Wall Street with size of EDS job cuts) have two good arti­cles about the move.

No word on what this means for recently-acquired EDS, the pri­mary ven­dor for Oahu’s most famous out­sourced IT project, the Navy-Marine Corps Intranet (NMCI). The restruc­tur­ing plan is nec­es­sary, given the US$13.9 bil­lion price HP paid for EDS.

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