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Before the acquisition, HP had 178,000 workers and EDS had 142,000, a total of 320,000.
Palo Alto, Calif.-based HP bought EDS for $13.9-billion (U.S.) in a bid to challenge International Business Machines Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure.
HP expects to save $1.8-billion per year from the cuts once the restructuring is complete. The company will incur a $1.7-billion charge in the current quarter, its fiscal fourth quarter, for a goodwill adjustment and other costs connected to the restructuring.
HP shares were up 18 cents at $45...
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Common topics in this essay:
- Daimler Chrysler Post Merger Integration
- ORGANIZATIONAL STRUCTURE
- Organizational Design and Organizational Structure
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- Organizational Structure
- Organizational Structure
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