Windsor Star

Hewlett-Packard to cut 24,600 jobs by integratin­g

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Hewlett-Packard Co. CEO Mark Hurd will cut 24,600 jobs in integratin­g the purchase of Electronic Data Systems Corp., aiming to save as much as $1.8 billion a year in his biggest workforce reduction yet.

The cuts, which will occur over three years, amount to 7.5 per cent of the companies’ combined workforce, Hewlett-Packard said today. HewlettPac­kard, the world’s biggest personalco­mputer maker, bought EDS last month for $13.2 billion to more than double revenue in its services unit.

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