Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

06:29 GMT, Tuesday, 16 September 2008 07:29 UK

HP set to cut workforce by 24,600

Hewlett-Packard logo

Hewlett-Packard (HP), the world's largest computer company, says it plans to cut 24,600 jobs, almost 8% of its workforce, to streamline its business.

The cuts will take place over the next three years as it combines operations with Electronic Data Systems, the technology company it recently bought.

EDS employees are expected to bear the brunt of the cuts.

HP hopes the acquisition will allow it to take on rival IBM and win more lucrative, long-term contracts.

Half of the jobs cuts will be in the US, with finance, human resources and legal departments expected to be affected.

The company said that it eventually planned to add about half the positions back as different jobs in different departments within the company.

HP's $13.9bn takeover of EDS is the firm's biggest acquisition since 2002 when it bought Compaq for $19bn.




E-mail this to a friend
Related to this story:
Foreign sales boost HP earnings (19 Aug 08 |  Business )
HP in $13.9bn challenge to IBM (13 May 08 |  Business )
HP confirms in talks to buy EDS (12 May 08 |  Business )
Strong profits at Hewlett-Packard (19 Feb 08 |  Business )
Hewlett fired up by laptop sales (17 May 07 |  Business )
Laptop sales give Hewlett respite (16 Nov 06 |  Business )

RELATED INTERNET LINKS
Hewlett-Packard
EDS
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©