SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. HPQ 45.33, -1.64, -3.5%) on Monday said it would cut 24,600 jobs as part of its acquisition of Electronic Data Systems. The job cuts amount to about 7.5% of the combined company`s total workforce. H-P also said it would take a one-time charge of $1.7 billion in its fiscal fourth quarter related to integrating EDS` operations, and that it expects the restructuring to result in annual cost savings of $1.8 billion. H-P shares fell $1.64 Monday to close at $45.33.
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http://recruitmentlink.in/profile/vaseem-mulla
Source:
http://recruitmentlink.in/profile/vaseem-mulla
