In the coming three years, 24,600 employees working in Hewlett-Packard (HP), will lose their jobs, for the company has joined operations with Electronic Data Systems, which is basically a technology services company acquired by HP recently. The news came last night and it will account in cut of nearly 8% of the employees.
HP confirmed after the markets were closed yesterday that the employees working within the ranks of EDS will suffer most of the job cuts whereas half of them would get jobs in the US.
Earlier HP had not clarified as to how many employees of both the companies will lose their jobs. HP had 178,000 staff and EDS had 142,000 before the agreement was signed between the two companies.