Hewlett Packard, which acquired Electronic Data Systems for nearly $14 billion this summer, plans to trim its company-wide workforce by nearly 8 percent as part of that acquisition.
Palo Alto, Calif.-based HP will announce restructuring plans for the EDS division to “streamline costs, invest in growth and drive shareholder value,” it said in a statement.
The company said 7.5 percent of the combined workforce, or 24,600 jobs, will be cut as part of the restructuring. Half of those cuts will be in the United States.
EDS, whose government solutions division is in Herndon, has about 2,200 Washington area employees.
Read Complete Story @ Washington Business Journal